Wayfair Inc. Files 8-K for Material Definitive Agreement

TL;DR

Wayfair just filed an 8-K for a major new financial deal.

AI Summary

On October 8, 2024, Wayfair Inc. entered into a material definitive agreement related to a direct financial obligation. The company, headquartered at 4 Copley Place, Boston, MA, filed this 8-K report with the SEC.

Why It Matters

This filing indicates a significant financial event for Wayfair Inc., potentially impacting its financial obligations and strategic direction.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.

Key Numbers

• 001-36666 — SEC File Number (Identifies Wayfair Inc.'s filing with the SEC.)
• 36-4791999 — IRS Employer Identification No. (Wayfair Inc.'s tax identification number.)

Key Players & Entities

• Wayfair Inc. (company) — Registrant
• October 8, 2024 (date) — Date of report
• 4 Copley Place, Boston, MA 02116 (address) — Principal executive offices

FAQ

From the Filing

0001193125-24-234463.txt : 20241008 0001193125-24-234463.hdr.sgml : 20241008 20241008165000 ACCESSION NUMBER: 0001193125-24-234463 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20241008 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241008 DATE AS OF CHANGE: 20241008 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wayfair Inc. CENTRAL INDEX KEY: 0001616707 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 364791999 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36666 FILM NUMBER: 241360802 BUSINESS ADDRESS: STREET 1: 4 COPLEY PLACE CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 617 532 6100 MAIL ADDRESS: STREET 1: 4 COPLEY PLACE CITY: BOSTON STATE: MA ZIP: 02116 8-K 1 d844375d8k.htm 8-K 8-K false 0001616707 0001616707 2024-10-08 2024-10-08     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): October 8, 2024     WAYFAIR INC. (Exact name of registrant as specified in its charter)       Delaware   001-36666   36-4791999 (State or other jurisdiction of incorporation or organization)   (Commission File Number)   (I.R.S. Employer Identification No.)   4 Copley Place   Boston , MA   02116 (Address of principal executive offices)     (Zip Code) (617) 532-6100 (Registrant’s telephone number, including area code) N/A (Former name, former address and former fiscal year, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading symbol(s)   Name of each exchange on which registered Class A Common Stock, $0.001 par value per share   W   The New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.01. Entry into a Material Definitive Agreement. Issuance of 7.250% Senior Secured Notes due 2029 On October 8, 2024, Wayfair LLC (the “Issuer”), a subsidiary of Wayfair Inc. (“Wayfair”), issued $800 million aggregate principal amount of 7.250% senior secured notes due 2029 (the “Notes”). Wayfair intends to use the net proceeds from the Notes offering, together with cash on hand, for the repayment of certain of Wayfair’s existing convertible senior notes and general corpo