Our Clients

Successful Marketing and Pricing

• Matthews South advised the company throughout the day of execution to help ensure that the security was priced optimally and the messaging to the market was consistent – the bond priced at the issuer friendly end of both the coupon and premium
• The deal was also upsized by 25% given the strong demand for the offering
• The bonds traded up modestly post pricing, indicating that the company achieved efficient pricing

Significant Coupon Cost Savings

• Final pricing was significantly better than initial indication from bookrunner
• Company saved 1.25% of coupon, representing $7.8mm over the life of the security

Convertible Structuring and Capped Call Bid

• Analyzed capped call strike alternatives to balance cost and dilution protection
• Recommended adding financial institutions that have displayed aggressiveness in other bid situations – the company had no existing relationship with the winning bidder