---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-013420"
form_type: "8-K"
ticker: "RH"
cik: "0001528849"
company_name: "RH"
filed_at: "2021-10-25T23:59:59+00:00"
generated_at: "2026-06-28T18:26:18.840214+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RH completes $2B term loan financing; funds conversion of $380M in convertible notes

## Summary
- Term Loan $2.0B, matures Oct 2028, LIBOR + 2.50% (0.50% floor), issued at 0.50% discount.
- Proceeds to redeem $256M of 2023 convertible notes and $124M of 2024 convertible notes that elected early conversion.
- Accordion feature allows up to $1.0B additional commitments; rated Ba2/BB.
- Expected after-tax interest expense impact of ~$11M in fiscal Q4 2021 per CFO Jack Preston.
- CEO Gary Friedman says financing creates substantial optionality for global luxury brand investments.

## SEC filing metadata
- accession: 0001558370-21-013420
- form_type: 8-K
- ticker: RH
- cik: 0001528849
- company_name: RH
- filed_at: 2021-10-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528849/000155837021013420/0001558370-21-013420-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528849/000155837021013420/rh-20211020x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-013420
- JSON: https://secwatch.observer/filing/0001558370-21-013420.json
- Plain text: https://secwatch.observer/filing/0001558370-21-013420.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.