Convertible Securities

One thing that differentiates Jesup & Lamont’s from our competitors is our Convertible Securities Department.  Jesup’s professionals offer a combined 70 years of experience in the convertible securities market.  This experience includes the overall management of such desks as; DLJ, Shearson/AXP, Cantor Fitzgerald, JP Morgan, & Wachovia.    During this time we have successfully underwritten numerous convertible securities financings ranging from $25 million to $1 billion. 

Our team also has had the opportunity to advise many companies on debt exchanges, restructuring, stock repurchase programs, debt buybacks and 3a9 – exchanges.  

Our distribution capabilities are extensive.  Our clientele consists of the some of largest mutual funds, insurance companies, hedge funds and pension funds in the world.

Convertible securities provide numerous advantages over equity and straight debt funding.  Convertibles allow companies to access cheaper sources of capital from the financial markets because of the “equity kicker” associated with them.  They also allow them to sell stock at a premium to their current stock price.
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