RH closes $500M incremental term loan; completes $480M convertible note and warrant unwind

RHI subsidiary incurred $500M incremental term debt due Oct 2028 at SOFR+3.35% (incl. 0.10% CS adj.), issued at 5% discount.
After-tax interest on new debt ~$4.5M/quarter; aggregate $2.5B term debt interest estimated ~$17M/quarter at current rates.
Completed repurchase of $180M convertible notes and termination of all note warrants and convertible hedges for net cash outlay ~$480M.
Proceeds from new debt for general corporate purposes; debt rated Ba3/BB (Moody's/S&P).
Approximately $101M of convertible notes remain outstanding after the repurchases.

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