secwatch.observer — SEC 8-K summary
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Issuer:     RH (RH)
CIK:        0001528849
Form:       8-K
Filed at:   2021-10-25T23:59:59+00:00
Accession:  0001558370-21-013420
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528849/000155837021013420/0001558370-21-013420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528849/000155837021013420/rh-20211020x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-013420

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer