RH Announces Pricing of $300 Million Convertible Notes Offering
RH (RH)
Last rh earnings: 3/30 04:05 pm
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US:NYSE Investor Relations:
ir.restorationhardware.com/investor-overview
Company Research
Source: Business Wire
CORTE MADERA, Calif.--(BUSINESS WIRE)--RH (NYSE: RH) announced today the pricing of $300 million of 0.00% convertible notes due 2024 at a 25% conversion premium to yesterday’s closing stock price of $169.12. RH also granted the initial purchaser of the notes a 13-day option to purchase up to an additional $50 million of the notes on the same terms and conditions, for a total potential offering size of up to $350 million. The sale of the notes to the initial purchaser is expected to settle on September 17, 2019, subject to customary closing conditions.In connection with the offering of the notes, RH has entered into convertible note hedge and warrant transactions on terms that have the effect of limiting earnings dilution as a result of the convertible notes issuance up to a 100% premium to today’s closing stock price. 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 approxima
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RH
Earnings
- 3/27/24 - Miss
RH
Sec Filings
- 4/12/24 - Form 4
- 4/12/24 - Form 4
- 4/12/24 - Form 4
- RH's page on the SEC website