RH (RH) Prices $300 Million Convertible Notes Offering
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RH Announces Pricing of $300 Million Convertible Notes Offering
September 13, 2019 7:00 AM EDTCORTE 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 yesterdays 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.
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