other material
confidence high
sentiment neutral
materiality 0.50
RH repurchases 1.2M warrants for ~$137M, terminating related hedge positions
RH
- Terminated 1,200,000 warrants (600,000 of 2023 Note Warrants and 600,000 of 2024 Note Warrants).
- Aggregate cash purchase price ~$137M; settlement based on VWAP over measurement period.
- Counterparties include Goldman Sachs, UBS, JPMorgan, Citibank and affiliates.
- Notes and corresponding bond hedges for these warrants were previously repaid after early conversions.
- Company may pursue additional early terminations of remaining outstanding warrants.