RH says holders may convert 0% notes due 2020 in first quarter

By Sarah Lizee

Olympia, Wash., Feb. 20 – RH said holders may convert their 0% convertible senior notes due 2020 (Cusip: 761283AC4) during the calendar quarter ending March 31, according to an 8-K filing with the Securities and Exchange Commission.

The notes are convertible because the last reported sales price of the company’s common stock was at least 130% of the conversion price for at least 20 of the last 30 consecutive trading days ended on the last trading day of the immediately preceding calendar quarter.

The company’s stock (NYSE: RH) closed at $249.63 on Wednesday.

RH, formerly Restoration Hardware, is a Corte Madera, Calif.-based distributor of home furnishing products.

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