10:44 AM EDT, 08/09/2024 (MT Newswires) -- WisdomTree ( WT ) said Friday it has priced its private offering of $300 million of convertible senior notes due 2029.

The initial purchaser also exercised an option to buy an additional $45 million of the notes, the company said. It expects to settle the sale Tuesday, raising about $337 million in net proceeds.

The company said the use of the proceeds include the repurchase of series A preferred stock from ETFS Capital, about $104 million of 5.75% convertible senior notes due August 2028 and around 5.7 million shares.

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