Restoration Hardware to repay credit facility debt via convertibles

By Sarah Lizee

Olympia, Wash., June 12 – RH (Restoration Hardware) intends to pay down the outstanding borrowings under its credit facility using proceeds from a potential offering of $300 million convertible notes due 2023, according to a company announcement.

Proceeds from the offering would also be used to pay the net cost of the convertible note hedge transactions and to pay down other interest-bearing debt on the balance sheet.

Corte Madera, Calif.-based Restoration Hardware is a specialty retailer.

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