debtconfidence high
Wayfair proposes $400M secured notes due 2034; repurchases $46M of 2028 convertibles
Wayfair Inc.
- Subsidiary Wayfair LLC to offer $400M senior secured notes due 2034 in private placement.
- Repurchased ~$46M aggregate principal of 3.50% convertible notes due 2028 for ~$73M plus accrued interest.
- Net proceeds from notes offering to repay existing debt and for general corporate purposes.
- After repurchase, ~$444M of 2028 convertible notes remain outstanding.
- Notes and guarantees will be secured on first-priority basis by same assets as existing secured debt.
item 7.01item 9.01
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