---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-009063"
form_type: "8-K"
ticker: "RH"
cik: "0001528849"
company_name: "RH"
filed_at: "2022-05-17T23:59:59+00:00"
generated_at: "2026-06-25T11:50:38.039367+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-22-009063
- form_type: 8-K
- ticker: RH
- cik: 0001528849
- company_name: RH
- filed_at: 2022-05-17T23:59:59+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, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528849/000155837022009063/0001558370-22-009063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528849/000155837022009063/rh-20220513x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-009063
- JSON: https://secwatch.observer/filing/0001558370-22-009063.json
- Plain text: https://secwatch.observer/filing/0001558370-22-009063.txt

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