Savvy issuers with existing convertible debt are taking advantage of a new opportunity to consolidate outstanding convertible debt with JMJ Financial. Not only does this allow them to focus their relationship with the leading and reputable lender in the space, but it can also prevent excessive dilution and share price pressure due to multiple lenders converting simultaneously.
For example, last month a bio-pharmaceutical company raised over $500,000 from JMJ Financial in order to retire convertible notes and also to provide additional working capital. By consolidating debt through JMJ, the issuer delayed conversions for months and generated working capital to power the company’s continued progress in the interim. Consolidating debt with a long-term financial partner committed to supporting the issuer’s success merits strong consideration. Contact me to discuss our innovative debt consolidation options for your clients or company.