debt
confidence high
sentiment neutral
materiality 0.65
Wayfair subsidiary prices upsized $800M senior secured notes offering at 7.250% due 2029
Wayfair Inc.
- Aggregate principal $800M at 7.250% coupon, up from $700M previously announced.
- Matures Oct 31, 2029; expected close Oct 8, 2024.
- Proceeds used to repay existing convertible senior notes and general corporate purposes.
- Notes are senior secured, guaranteed by Wayfair and certain domestic subsidiaries.