RH No Longer Exploring Opportunistic $300 Million Convertible Notes Offering
December 13 2018 - 4:57PM
Business Wire
RH (NYSE: RH) today announced that it has elected to no longer
explore the previously announced opportunistic $300 million
convertible notes offering. RH’s current capital structure and
internally-generated cash flow are more than sufficient to meet
future obligations and long-term growth objectives. As such, the
purpose of this financing was opportunistic and RH has determined
that current market conditions are not conducive to an attractive
convertible notes offering at this time.
ABOUT RH
RH (NYSE: RH) is a curator of design, taste and style in the
luxury lifestyle market. The Company offers collections through its
retail galleries, Source Books, and online at RH.com, RH
Modern.com, RHBabyandChild.com, RHTeen.com, and Waterworks.com.
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 Company’s expectation that its current
capital structure and internally-generated cash flow are more than
sufficient to meet its future obligations and long-term growth
objectives, and any statements or assumptions underlying any of the
foregoing. 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. RH expressly disclaims any obligation or undertaking to
release publicly any updates or revisions to such forward-looking
statements to reflect any change in its expectations with regard
thereto or any changes in the events, conditions or circumstances
on which any such statement is based.
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version on businesswire.com: https://www.businesswire.com/news/home/20181213005921/en/
Cammeron McLaughlinSVP, Investor Relations &
Strategy415-945-4998cmclaughlin@rh.com
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