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Get the free Term Sheet - Convertible Debt Financing template

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A Term Sheet spells out the terms. It is a non-binding agreement that establishes a level of trust. It is a part of the due diligence phase, meaning there is an intention to proceed with the purchase.
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What is term sheet - convertible

A term sheet - convertible is a document outlining the terms and conditions of a convertible security investment, defining how and when an investor can convert their investment into equity.

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Who needs term sheet - convertible?

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Term sheet - convertible is needed by:
  • Startups seeking seed or venture capital funding
  • Investors looking to invest in convertible notes
  • Legal professionals drafting investment agreements
  • Financial advisors assisting clients with investment options

How to fill out the term sheet - convertible

  1. 1.
    Begin by downloading the 'term sheet - convertible' template from pdfFiller.
  2. 2.
    Open the document in pdfFiller and review the sections that require your attention.
  3. 3.
    Fill in the 'Company Name' and 'Investor Name' fields with the respective parties' official names.
  4. 4.
    Specify the investment amount in the designated section, ensuring it reflects the actual funding commitment.
  5. 5.
    Identify the conversion terms, including the conversion price and any applicable discounts.
  6. 6.
    Complete the maturity date field by entering the date when the convertible note must be converted or repaid.
  7. 7.
    Add any specific clauses related to interest rates, if applicable, ensuring clarity on payment terms.
  8. 8.
    Review the signatures section, adding places for both parties to sign and date the document.
  9. 9.
    Once all fields are completed, verify the accuracy of the information provided before saving.
  10. 10.
    Finally, download or share the completed term sheet with relevant stakeholders for their signatures.
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