Wayfair Inc. (NYSE: W) (the "Company," "we" or "Wayfair") announced today that it intends to offer, subject to market conditions and other factors, $1.2 billion aggregate principal amount of convertible senior notes due 2025 (the "notes") in a private offering (the "offering") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In connection with the offering, the Company expects to grant the initial purchasers an option to purchase, within a 13-day period beginning on, and including, the initial issuance date of the notes, up to an additional $180 million aggregate principal amount of notes.
Wayfair (NYSE: W) recently announced blowout second-quarter results that paired strong sales growth with gushing profits and cash flow. Wayfair executives also broke down the main drivers behind the record growth quarter. Wayfair added $2 billion to its quarterly sales haul, translating into an 84% spike year over year.
Wayfair (W) reports strong second-quarter numbers driven by an increase in active customers and strength in the company's direct retail business.