---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-140018"
form_type: "8-K"
ticker: "W"
cik: "0001616707"
company_name: "Wayfair Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:27:46.594619+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Wayfair prices $600M 3.50% convertible notes due 2028; uses proceeds to buy back existing notes

## Summary
- $600M aggregate principal of 3.50% convertible notes due Nov 2028, plus $90M greenshoe option.
- Initial conversion price $45.80/share (25% premium over May 9 close of $36.64).
- Net proceeds ~$588.6M; $75.8M for capped call transactions, $513.8M to repurchase ~$617M of existing 2024/2025 notes.
- Capped call transaction cap price $73.28/share (100% premium) to reduce potential dilution.
- Concurrent note repurchases of ~$82.5M of 2024 Notes and ~$534.5M of 2025 Notes for cash.

## SEC filing metadata
- accession: 0001193125-23-140018
- form_type: 8-K
- ticker: W
- cik: 0001616707
- company_name: Wayfair Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1616707/000119312523140018/0001193125-23-140018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1616707/000119312523140018/d269956d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-140018
- JSON: https://secwatch.observer/filing/0001193125-23-140018.json
- Plain text: https://secwatch.observer/filing/0001193125-23-140018.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.