Wayfair is issuing $700 million in senior secured notes to help with debt and repurchases

From Nasdaq: 2025-03-11 02:16:09

Wayfair Inc. announced a private offering of $700 million in 7.750% senior secured notes due in 2030. The offering is set to close on March 13. Part of the proceeds will be used to repurchase $580 million of outstanding convertible senior notes due in 2026. The rest will go towards repaying existing debts and other corporate purposes. Wayfair’s stock on the NYSE closed at $33.35 on Monday, down 4.74 percent.



Read more at Nasdaq: Wayfair Prices $700 Mln Senior Secured Notes Offering