Restoration Hardware Holdings, Inc. Announces Closing of Sale of Additional $50 Million Convertible Senior Notes
The Company has entered into additional convertible note hedge and
warrant transactions on terms that have the effect of limiting earnings
dilution as a result of the additional notes issuance up to a 100%
premium to the
The Company intends to use this additional capital to fund its business initiatives including the expansion of its business and the pursuit of additional growth opportunities. The immediate use of a portion of the proceeds from the offering will be to pay the net cost for the additional convertible note hedge transactions.
The notes will not bear interest and will mature on
This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. The notes and the shares of common stock issuable upon
conversion of the notes, if any, will not be registered under the
Securities Act of 1933, as amended (the “Act”) or any state securities
laws, and unless so registered, may not be offered or sold in
About
RH (
Forward-Looking Statements
Some of the statements in this press release are “forward-looking” and
are made pursuant to the safe harbor provision of the Private Securities
Litigation Reform Act of 1995. These “forward-looking” statements
include statements relating to, among other things, the anticipated
earnings dilution impact to holders of the common stock due to the notes
and the convertible note hedge and warrant transactions, the future
market capitalization of the Company and its future stock price and the
expected use of proceeds from these transactions. These statements
involve risks and uncertainties that may cause results to differ
materially from the statements set forth in this press release. The
forward-looking statements in this press release speak only as of the
date of this press release and are subject to uncertainty and changes.
Given these circumstances, you should not place undue reliance on these
forward-looking statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150702005803/en/
Source:
Restoration Hardware Holdings, Inc.
Cammeron McLaughlin,
415-945-4998
VP, Investor Relations
cmclaughlin@rh.com