08:20 AM EDT, 03/10/2025 (MT Newswires) -- Wayfair ( W ) said Monday that its unit, Wayfair LLC, plans to offer $700 million in senior secured notes due 2030 in a private offering.

The company said the net proceeds will be used to purchase a portion of its outstanding 0.625% convertible senior notes due 2025 and 1% convertible senior notes due 2026, as well as for general corporate purposes, which may include the repayment of its debt.

Wayfair ( W ) said it also plans to enter into an amended and restated credit agreement to establish a new credit facility, which it expects will extend the credit facilities' maturity to 2030 and allow for commitments of up to $500 million.