Wayfair Inc. announced a proposed private offering of $700 million in aggregate principal amount of senior secured notes due 2032. The notes will be fully and unconditionally guaranteed on a senior secured basis by Wayfair and certain domestic subsidiaries, and will be secured on a first-priority basis by liens on assets that also secure Wayfair's existing senior secured revolving credit facility and other senior secured notes. The notes are being offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. Wayfair intends to use the net proceeds to repurchase portions of its outstanding 3.250% convertible senior notes due 2027 and 3.500% convertible senior notes due 2028, as well as for general corporate purposes, including repayment of other existing debt. Specific pricing and interest rate details for the new notes were not disclosed in the announcement.