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Wayfair ( (W) ) has shared an update.
Wayfair LLC, a Wayfair Inc. subsidiary, has successfully closed an $800 million offering of 7.250% senior secured notes due in 2029. The proceeds will be used to repay existing convertible senior notes and for general corporate purposes. These notes are guaranteed by Wayfair and certain subsidiaries and are not registered under the Securities Act, available only to qualified institutional buyers and non-U.S. persons. The notes come with certain covenants and redemption options, underscoring Wayfair’s strategy towards financial maturity and improved cash flow.
Learn more about W stock on TipRanks’ Stock Analysis page.
