The HudsonWest Process

How we
work with you.

HudsonWest has a single objective: to maximize value for the corporate issuer at every step. Our experienced, nimble team serves as an incredibly responsive advisor to each client, with no conflicts of interest, no junior staffing and no agenda other than yours.

01
Capital Stack
Analysis
02
Structuring
& Strategy
03
Docs, Accounting
& Tax
04
Execution
05
Post-Transaction
Support
Capital Stack Analysis

Objective advice across your entire balance sheet.

Before recommending any transaction, HudsonWest takes a holistic view of your capital structure — evaluating whether equity-linked financing is the right tool at all. We have no underwriting business to feed, no lending book to grow. Our only mandate is to give you the clearest possible picture of your options.

  • Full capital stack review: debt, equity and hybrid instruments
  • Scenario modeling across convertible, straight debt and equity/equity-like alternatives
  • Dilution, accretion and credit impact analysis
  • Board and management-level presentation support
  • Independent assessment: No product to sell; no bank to please
We evaluate all options, including
Convertible Notes Capped Calls vs. Call Spreads Revolving Credit Facilities Term Loan A Term Loan B High-Yield and Investment-Grade Bonds Equity Offerings Mandatory Convertibles Share Repurchases/ASRs Liability Management
Structuring & Strategy

Creative solutions built around your goals.

Once the right instrument is identified, HudsonWest helps design the transaction structure. This is where our decades of experience becomes decisive, as we understand how investors think, what the market will absorb and where value can be created or lost in the details of a term sheet.

  • Optimal tenor, coupon, conversion premium and settlement mechanics
  • Capped call and call spread structuring and auction design
  • Investor base targeting: long-only vs. hedge fund mix strategy
  • Wall-cross process design and noteholder negotiation
  • Underwriting syndicate lineup and structure
Structural considerations
Settlement Mechanics Balancing Coupon and Conversion Premium Delta-neutral Execution Options Bank Syndicate Design Shareholder Protection Strategies
Documentation, Accounting & Tax

Every technical detail handled with precision.

Equity-linked transactions often involve significant accounting and tax complexity. HudsonWest works alongside and in partnership with your legal, accounting and tax teams to ensure every aspect is properly structured, documented and understood by management, the board and auditors.

  • Technical accounting memo preparation and review (ASC 470, ASC 815)
  • EPS dilution analysis and GAAP accretion/dilution modeling
  • Tax integration analysis for capped calls and call spreads
  • Offering memorandum, capped call confirmations and supplemental documentation review
  • Coordination with external legal counsel throughout
  • Board presentation materials preparation
  • Press release design to ensure equity investor messaging is coordinated properly
We help across every workstream
Documentation Review Accounting Analysis Tax Support Board Materials Messaging / Press Releases Internal Analyses
Execution

Flawless execution on your timeline.

HudsonWest coordinates every moving part of the transaction, from pricing and bookbuilding to hedging auctions and final settlement. We have been at the table on dozens of complex transactions and know how to drive competitive outcomes while protecting the company's interests at the most critical moments.

  • Live pricing guidance and real-time market intelligence
  • Competitive call spread/capped call auction management, driving material savings
  • Investor engagement and order book strategy during marketing
  • Overnight and wall-crossed execution coordination
  • Concurrent repurchase and hedging unwind management
  • Settlement and closing process oversight
Execution formats we manage
144A and Registered Offerings Wall-crosses and Overnight Transactions Privately Negotiated Repurchases and Unwinds Redemption Strategies Reopenings 4(a)(2) Exchanges
Post-Transaction Support

A partner for the life of the transaction.

HudsonWest's relationship doesn't end at closing. We monitor your outstanding instruments, track market conditions and remain available to advise as circumstances evolve. When the next opportunity — or challenge — arises, you have an advisor who already knows your balance sheet, your goals and your team.

  • Ongoing monitoring of outstanding convertibles and capped calls
  • Proactive identification of liability management opportunities
  • Support for M&A-related equity-linked adjustments and assumptions
  • Capped call adjustment navigation in corporate events
  • Periodic balance sheet review and strategic advisory
Your long-term partner
Monitoring of Trading IR Support 10-Q/10-K Support Notice Reminders Liability Management Opportunities

Let's start a
conversation.

Let's start with an objective conversation about your balance sheet.

Get in Touch