Convertibles Calendar: Wayfair on tap

Sept. 8

WAYFAIR INC.:

• $600 million five-year convertible notes

• $90 million greenshoe

• Coupon of 3.25% to 3.75% and initial conversion premium of 27.5% to 32.5%

• Non-callable until Sept. 20, 2025 and then subject to a 130% hurdle

• Rule 144A

• Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC

• Cover the cost of the call spread and repurchase for cash a portion of its 1.125% convertible notes due 2024 and 0.625% convertible notes due 2025 in privately negotiated transactions

• Boston-based home decor e-commerce company

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