RH Announces Repayment of $350 Million 0.00% Convertible Senior Notes Due 2019
RH (RH)
Last rh earnings: 3/30 04:05 pm
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US:NYSE Investor Relations:
ir.restorationhardware.com/investor-overview
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Source: Business Wire
CORTE MADERA, Calif.--(BUSINESS WIRE)-- RH (NYSE:RH) today announced it has repaid the balance of its $350 million in 0.00% Convertible Senior Notes due 2019 at maturity. The Company used existing cash balances and borrowings under its revolving credit facility to complete the repayment on June 17, 2019 as expected. CEO Gary Friedman commented, “Looking back, had we not been opportunistic in responding to favorable market conditions through our convertible notes financings in 2014 and 2015, we would not have been in a position to repurchase $1 billion of our stock when it was undervalued during 2017, which has proven to be an excellent allocation of capital for the long-term benefit of our shareholders. We are regularly evaluating various low interest rate financing alternatives and expect to follow the same opportunistic capital allocation approach in the future regarding both sources and uses of capital.”
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RH
Earnings
- 3/27/24 - Miss
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Sec Filings
- 4/12/24 - Form 4
- 4/12/24 - Form 4
- 4/12/24 - Form 4
- RH's page on the SEC website