Hims & Hers Health, Inc. (HIMS): debt financing — Hims & Hers issues $402.5M of 0% convertible notes due 2032; enters capped calls

Hims & Hers Health, Inc.

Issued $402.5M aggregate principal of 0.00% Convertible Senior Notes due June 1, 2032.
Initial conversion rate of 33.8590 shares per $1,000 principal; conversion price ~$29.53 per share.
Capped call transactions cost $36.7M, cap price ~$50.15 per share, to reduce dilution on conversion.
Notes redeemable on/after June 6, 2029 if stock exceeds 130% of conversion price for specified periods.
Offering made to QIBs under Rule 144A; potential maximum 18,057,397 shares issuable upon conversion.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Hims & Hers Health, Inc. incurred convertible notes of $402.5 million with U.S. Bank Trust Company, National Association at 0.00% maturing June 1, 2032.

Instrument: convertible notes
Principal: $402.5 million
Counterparty: U.S. Bank Trust Company, National Association
Rate: 0.00%
Maturity: June 1, 2032
Event: incurrence

Exact text from the filing

On May 21, 2026, the Company issued $402.5 million aggregate principal amount of Notes.

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

Hims & Hers Health, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $402.5 million aggregate principal amount (effective 2026-05-21).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $402.5 million aggregate principal amount
Effective: 2026-05-21

Exact text from the filing

the Notes were issued pursuant to, and are governed by, an indenture (the “ Indenture ”), dated as of May 21, 2026, between the Company and U.S. Bank Trust Company, National Association, as trustee

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Hims & Hers Health, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-234847

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