Wayfair Inc. announced that it will receive $600 million in a round of funding on May 8, 2023. The company will issue convertible senior notes due 2028 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The notes will bear interest semi-annually and will mature on November 15, 2028, unless earlier redeemed, repurchased or converted in accordance with their terms.