W · Wayfair Inc.

Summary

Wayfair Inc. repurchased approximately $56 million in aggregate principal amount of its 3.50% convertible senior notes due 2028 for approximately $99 million, plus accrued interest, using proceeds from its 6.75% senior secured notes due 2032. This reduces outstanding 2028 Notes to $533 million and supports the company's liability management strategy to lower maturities and dilution.

Key takeaways

• Repurchased $56 million principal of 2028 Notes between February 25 and March 4, 2026
• Paid $99 million plus accrued interest in open market transactions
• All repurchases settled by March 5, 2026
• $533 million principal of 2028 Notes remains outstanding
• Funded by net proceeds from 6.75% senior secured notes due 2032
• Part of ongoing strategy to reduce maturities and manage dilution