CORTE MADERA, Calif. -- (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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181213005921/en/
Contacts:
Cammeron McLaughlin
SVP, Investor Relations & Strategy
415-945-4998
cmclaughlin@rh.com
Source: RH
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