Hims & Hers Health Inc. has entered into a significant financial agreement involving the issuance of $1 billion in aggregate principal amount of Notes as of May 13, 2025. These senior, unsecured obligations were issued under an indenture with U.S. Bank Trust Company, National Association acting as the trustee.
Hims shares gained 2% in overnight trading after surging 16% on Tuesday.
Additionally, Hims & Hers Health Inc. engaged in privately negotiated capped call transactions with financial institutions including Goldman Sachs & Co. LLC, BNP Paribas, Morgan Stanley & Co. LLC, Wells Fargo Bank, National Association, and Barclays Bank PLC. This strategic move is aimed at bolstering the company's financial standing, aligning with existing and future unsecured indebtedness, and effectively managing its capital structure.