Wayfair issues $400M 7.125% senior secured notes due 2034; calls 3.50% convertible notes due 2028

Wayfair Inc.

Wayfair LLC issued $400M of 7.125% senior secured notes due May 31, 2034; interest payable semi-annually starting Nov 15, 2026.
Net proceeds to repay existing indebtedness and for general corporate purposes; no commitment on amount or timing of repayment.
Wayfair called all outstanding 3.50% convertible notes due 2028 for redemption on June 29, 2026 at principal plus accrued interest.
Holders may convert before redemption; conversion rate increased to 23.3162 shares per $1,000 principal (from 21.8341) during redemption period.
Covenants restrict additional debt, dividends, investments, liens, asset sales, and mergers; some cease if Notes achieve investment grade ratings from two agencies.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Wayfair Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $400 million aggregate principal amount of 7.125% senior secured notes due 2034 (effective 2026-05-18).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $400 million aggregate principal amount of 7.125% senior secured notes due 2034
Effective: 2026-05-18

Exact text from the filing

The Notes were issued under an Indenture, dated May 18, 2026 (the “Indenture”), among the Issuer, the guarantors named therein (including Wayfair) and U.S. Bank Trust Company, National Association, as trustee and notes collateral agent.

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Source: SEC EDGAR

accession 0001193125-26-229012

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