Solutions · Convertible Debt
Your Convertible Instrument Has Value. Access It.
Whether you hold a convertible bond, a convertible note, or are trapped in a toxic death-spiral structure — we provide non-recourse financing that gives you liquidity without forcing a conversion, a sale, or a personal guarantee.
From 3.9%
Annual interest
Up to 10 Years
Loan term
10 Days
Typical close
Non-Recourse
No personal guarantee
Three Structures. One Solution.
We lend against convertible instruments that banks won't touch
Each convertible structure creates a different liquidity problem. We've built specific solutions for each.
Convertible Bonds
You hold a bond that converts. You need cash now.
Convertible bonds are issued by corporations — often investment-grade — and give the holder the right to convert to equity at a set price. They're valuable instruments. But until conversion or maturity, the capital is locked. Traditional lenders won't touch them. Secondary markets are illiquid and opaque.
The Problem
"The bond is worth millions on paper. Your liquidity need is today."
Our Solution
We lend against the face value and conversion optionality of your convertible bond — non-recourse, without requiring you to sell or convert. You keep the upside. We provide the bridge.
Convertible Notes
A note that converts at the next round — but you need liquidity before it.
Convertible notes are the workhorse of early-stage and growth company financing. You lent capital, earned a discount and a cap, and now you're waiting for a qualified financing event that may be 12–24 months away. Meanwhile, the value is real — and inaccessible.
The Problem
"You can't sell without a discount. You can't convert without a trigger. You can't wait."
Our Solution
We structure a non-recourse loan against your convertible note position. No forced conversion, no secondary sale at a haircut. You retain the full economics of the note — discount, cap, and all — while accessing liquidity today.
Toxic Notes & Death-Spiral Financing
Trapped in a variable-rate convertible that keeps diluting you?
Toxic convertible notes — sometimes called death-spiral financing — carry variable conversion rates tied to market price. As the stock falls, the lender converts more shares at a lower price, which drives the price lower still. The dilution is structural and accelerating. Companies and early investors caught in these structures face a choice between bad and worse.
The Problem
"Every conversion event dilutes you further. The note holder has every incentive to drive the price down. You need a way out — or a way to neutralize the damage."
Our Solution
We work with companies and investors holding positions affected by toxic note structures. Whether you're the issuer seeking to refinance out of a predatory note, or an investor whose equity is being diluted by a death-spiral holder, we can structure a solution — including non-recourse lending against remaining equity value to provide the capital needed to retire the toxic instrument.
Why Global Stock Lending
Built for instruments the market ignores
Non-Recourse, Always
Our claim stops at the pledged instrument. No personal guarantee, no recourse to other assets.
10-Day Close
We underwrite in-house. No committee delays, no third-party brokers. Funded in a typical 10 business days.
No Forced Conversion
You keep the economics of your instrument intact. We lend against it — we don't trigger it.
Structures Banks Won't Touch
Traditional lenders don't understand convertible instruments. We've built our entire practice around them.
The Process
From inquiry to capital in days
01
Confidential Consultation
Share your instrument details, issuer, and liquidity objective. Every engagement is handled with absolute discretion.
02
In-House Underwriting
We assess the instrument, issuer creditworthiness, and conversion mechanics directly. Terms returned within 48 hours.
03
Non-Recourse Loan Structure
We lend against your convertible instrument without triggering conversion, requiring a sale, or demanding personal guarantees.
04
Capital in 10 Days
From signed term sheet to funded account. You retain full upside in your position throughout.
Ready to unlock your convertible instrument?
Submit your details in confidence. We respond within one business day with indicative terms — no obligation to proceed.
Global Stock Lending is not a U.S. Securities Dealer, Broker, or Investment Adviser. Lending worldwide, excluding China, Iran, Iraq, North Korea, and Cuba.