https://www.businesswire.com/news/home/20180525005647/en/ > CHICAGO--(BUSINESS WIRE)--May 25, 2018--Envestnet, Inc. (NYSE:ENV) (the “Company”), a leading provider of intelligent systems for wealth management and financial wellness, announced today the closing of its offering of $345 million aggregate principal amount of 1.75% convertible notes due 2023 (the “Notes”), which were sold in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”). The proceeds include the full exercise of the $45 million option to purchase additional Notes granted by the Company to the initial purchasers. > The Notes are general unsecured obligations of the Company and will be guaranteed on an unsecured basis by Envestnet Asset Management, Inc. (the “Guarantor”), a wholly owned subsidiary of the Company. The Notes and the Guarantee will be subordinated in right of payment to the Company’s and the Guarantor’s obligations, respectively, under the Company’s revolving credit facility.