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Benzinga
Benzinga
Business
Shivani Kumaresan

RH Secures $500M Incremental Term Debt Financing

  • Restoration Hardware Holdings Inc (NYSE: RH) has completed an incremental $500 million term debt financing.
  • The term debt financing was completed through a 2022 incremental amendment via RH's subsidiary.
  • The parties have amended the term loan credit agreement, dated October 20, 2021.
  • The 2022 incremental term debt has a maturity date of October 20, 2028.
  • The company plans to use the 2022 incremental term debt proceeds for general corporate purposes.
  • Price Action: RH shares are trading higher by 5.76% at $295.95 on the last check Tuesday.
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