Online furniture retailer Wayfair Inc. (W) has agreed to the sale of convertible senior notes to raise $535 million in fresh capital. The deal also underlines how the PIPE market is likely to see activity during the Covid-19 outbreak, as Wayfair is an infrequent issuer of private-investment-in-public-equity securities. Wayfair received legal counsel on the transaction from Goodwin partners Ettore Santucchi, Jim Barri, Jim Matarese, and Michael Minahan. Read the article here.
In The Press April 07, 2020