Overview
- This course covers the pros and cons of issuing convertible securities compared to other types of financing alternatives, types of convertible offerings, mechanics of how converts work and ultimately convertible debt accounting.
- Introduction to convertibles
- Pros and cons
- Issuer characteristics and rationale
- Convertibles compared to other financing alternatives
- Types of convertible offerings
- Key structuring considerations
- Covenants
- Credit ratings
- Conversion impact
- Convertible debt accounting