Reported 28 days ago
Goldman Sachs is meeting with leveraged finance investors to assess their interest in Wayfair's debt offerings as the online furniture retailer seeks to manage upcoming maturities on its convertible bonds. The company is looking to potentially raise up to $1 billion, although details are still being finalized. Wayfair has approximately $870 million in convertible debt due by the end of 2025, and the current stock price casts doubt on a conversion to equity.
Source: YAHOO