RH is considering a $300 million convertible notes offering due in 2024.
The proceeds from the offering would be used to retire the company's $200 million of outstanding debt, the company said in a press release. The move could lower interest expenses by about $6.5 million in the back half of fiscal 2019. RH recently reported second-quarter earnings that beat expectations. It earned $3.20 per share, excluding items, on revenue of $707 million, topping estimates that called for earnings of $2.70 per share on $697.8 million in revenue.
Am i to dumb to understand this. Pay off debt with more debt.
annadecriscio all those catalogs finally catching up to them.
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