other material
confidence high
sentiment neutral
materiality 0.75
RH terminates all warrants and hedges, repurchases $180M in convertible notes
RH
- Terminates all outstanding note warrants (2.19M total) and all convertible note hedges for cash.
- Repurchases $45M of 0% 2023 notes and $135M of 0% 2024 notes via private negotiations.
- Total estimated net cash outlay for all transactions is approximately $490 million.
- Settlement prices linked to RH common stock trading price over measurement periods; counterparties may adjust hedges.