Convertible Securities

A convertible offering is attractive for many issuers but can be highly complex and opaque. During a convertible process, issuers are faced with hundreds of decision items, including deal size, structure, settlement method, syndicate, investor allocation, execution method, etc.

It is important to be cognizant of the inherent conflicts of interest that arise when working with investment banks on these types of transactions as they serve both issuer and investor clients. In addition, convertibles are often structured with capped calls where banks act as counterparties and not underwriters, further exacerbating the issue. This makes having an independent and experienced advisor on your side of the table all the more crucial to ensure that the advice you receive is truly uncompromised and aligned with your objectives.

ICR Capital’s Convertible and Equity Derivatives Advisory team analyzes the cap structure and provides honest, thoughtful, and holistic advice to our clients on when to execute a financing and which strategy to choose in order to ensure an efficient execution process. We believe that transparency and objectivity are key to any successful transaction, and our team of experts works tirelessly to ensure that our clients are fully informed and confident in their decisions.

With ICR Capital on your side, you can be sure that you have a trusted and knowledgeable partner who is committed to your success. We give you more accurate information than any bank would and help you make the right choices so that you get outstanding economics today and bulletproof your structure for the future.