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0 0 0 -0.00122022080185927 -0.00110400929692038 0.00305055200464849 0.00290528762347472 0.00180127832655434
Stock impact report

RH Announces Exercise of Over-Allotment Option for Its 0.00% Convertible Notes Due 2024

RH (RH) 
Last rh earnings: 3/30 04:05 pm Check Earnings Report
Company Research Source: Business Wire
CORTE MADERA, Calif.--(BUSINESS WIRE)--RH (NYSE: RH) announced today the exercise of the entire over-allotment option of $50 million aggregate principal amount of its 0.00% convertible notes due 2024, resulting in a total offering size of $350 million. The sale of the notes to the initial purchaser, including the notes to be sold pursuant to the over-allotment option, is expected to settle on September 17, 2019, subject to customary closing conditions.In connection with the exercise of the over-allotment option, RH has entered into additional convertible note hedge and warrant transactions on terms that have the effect of limiting earnings dilution as a result of the additional convertible notes issuance up to a 100% premium to RH’s closing stock price on September 12, 2019. Under the terms of these transactions, the Company’s shareholders are not expected to experience earnings dilution until the Company’s stock price is above approximately $338.24.As previously announced, RH exp Show less Read more
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