Wayfair subsidiary prices $700M 7.75% senior secured notes due 2030; to repurchase ~$580M of 2026 convertible notes

Wayfair Inc.

Wayfair LLC priced $700M of 7.750% senior secured notes due Sept 15, 2030; closing expected March 13, 2025.
Net proceeds to purchase ~$580M of outstanding 1.00% convertible notes due 2026 from certain investors.
Remaining proceeds for general corporate purposes, including potential repurchase of 0.625% convertible notes due 2025.
Concurrently entering amended credit agreement for $500M revolving facility, maturity extended to 2030.
Notes fully and unconditionally guaranteed on senior secured basis by Wayfair and certain domestic subsidiaries.

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