Wayfair prices $400 million bond offering due 2034

Wayfair Inc. (NYSE: W) announced that its subsidiary Wayfair LLC priced a private offering of $400 million in 7.125% senior secured notes due 2034. The notes will mature on May 31, 2034, and the offering is expected to close on May 18, 2026, subject to customary closing conditions.

The company plans to use net proceeds from the notes offering to repay a portion of existing debt and for general corporate purposes. Wayfair stated that no assurance can be given regarding how much existing debt will be repaid with the proceeds, the terms of any repayment, or the timing of such actions.

The notes will be guaranteed by Wayfair and certain domestic subsidiaries that guarantee the issuer's senior secured revolving credit facility and existing senior secured notes. The notes and guarantees will be secured on a first-priority basis by liens on the same assets that secure the company's existing senior secured revolving credit facility and notes.

The securities have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption. The notes are being offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.

Wayfair operates as an online retailer for home goods and furnishings, offering products across multiple brands including AllModern, Birch Lane, Joss & Main, Perigold, and Wayfair Professional.

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