Convertible debt provides public companies with an opportunity to sell equity at a significant premium to the market price at the time of the offering.  In exchange for selling equity at a premium, the issuer is required to pay semi-annual coupons on the security until the security is either converted into shares by investors or is redeemed by the issuer.  The convertible debt new issue market is available to most companies that can access the public equity markets.

Cowen and Company is a leader in managing convertible offerings for growth-oriented companies. The convertible team provides its clients with industry expertise, innovation and extensive technical and positioning knowledge enabling its clients to be active partners in the transaction process and to fully understand the product and pricing mechanics.