Our Clients

Convertible Preparation Process

• Matthews South ran the structuring, documentation and preparation process and acted as an extension of the company’s finance team

Designed Call Spread Bid Process to Optimize Terms

• Recommended adding financial institutions that have displayed aggressiveness in other bid situations
• Call spread document included features that gave the company additional protection and transparency

Make-Whole Table

• Make-Whole tables are increasingly important to issuers given provisionally callable bonds with make-whole, but issuers lack the tools to assess bank-proposed tables
• Matthews South oversaw the table creation to ensure fairness to the company

Tactics in Choppy Markets

• Matthews South advised on terms for launch range that balanced need to attract investor interest against risk of additional investor leverage in choppy market conditions
• Mid-point pricing evidences success of approach

Marketing

• Matthews South advised the company throughout the day of execution to help ensure that the security was priced efficiently
• Conversion premium achieved was one of the highest for a technology company in the past few years