SmileDirectClub Investor Presentation Deck
Summary of convertible debt terms.
This convertible debt financing strengthens our
balance sheet, with minimal equity dilution, and
fortifies us against a protracted COVID
environment, while also enabling to us to
comfortably execute our growth strategy over
the coming years, while also investing in R&D,
innovation, and other business development
opportunities.
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smile
DIRECT CLUB
Convertible Debt Key Terms
Base Deal Size
Green Shoe (exercised)
Coupon
Conversion Premium/Price
Settlement Date
Maturity
Net Premium
Capped Call Key Terms
Capped Call Lower Strike
Capped Call Upper Strike
Effective all-in Rate/Terms
$650 million
$97.5 million
0.00%
40.0% / $18.06
February 9, 2021
February 1, 2026
40.0% / $18.06
100.0% / $25.80
9.3% of proceeds
~2.0% Cost of Capital up 100%
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