“We are extremely pleased with Matthews South’s work as financial advisor to our convertible refinancing transaction. We engaged them well before we made the decision to proceed with the financing. Matthews South reviewed our operating model and financial plans and developed a framework for us to evaluate various hypothetical M&A, refinancing, and capital return scenarios. This work helped us make informed decisions on the structuring and timing of our financing.
I would also highlight the cost savings created by the call spread auction that Matthews South conducted for us. Their software solution allowed us to solicit bids from a large number of banks for different allocations and lower strike possibilities (over 190 permutations) and find the optimized allocation scenario quickly. On a very busy day, the efficiency of their software-driven auction process gave us more time to focus on the marketing of the convertible offering.”