Wayfair repurchases $772M aggregate principal of convertible notes for $739M

Wayfair Inc.

Repurchased $518M of 0.625% notes due 2025, $215M of 1.00% notes due 2026, and $39M of 2.50% accreting notes due 2025.
Total cash consideration of $739M plus accrued interest; settlement expected November 13, 2024.
Post-repurchase: $236M of 2025 notes and $734M of 2026 notes remain; 2025 accreting notes fully retired.
Company may pursue further repurchases or exchanges of convertible debt to mitigate dilution.

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