Telehealth and wellness platform Hims & Hers has successfully raised $1 billion through a private offering of convertible senior notes due 2030. WHO: Hims & Hers is a multi-specialty telehealth platform that connects consumers to licensed healthcare professionals, enabling them to access high-quality medical care for numerous conditions related to primary care, mental health, sexual health, dermatology, and more. Launched in November 2017, the company also offers thoughtfully created and curated health and wellness products. With products and services available across all 50 states and Washington, DC, Hims & Hers is able to provide access to quality, convenient, and affordable care for all Americans.WHY: Proceeds are intended to support Hims & Hers’ global expansion through organic growth and strategic acquisitions, while also fueling deeper investment in AI, diagnostics, and personalized treatments to scale access and meet rising demand for high-quality, personalized care.IN THEIR OWN WORDS: Andrew Dudum, founder and CEO at Hims & Hers, posted on LinkedIn, "Today we announced Hims & Hers raised $1B, our largest raise yet, more than double what we set out for, thanks to strong demand from a wide range of leading investors. The offering was designed to accelerate long-term value creation and minimize shareholder dilution. More than just a raise, it's a clear signal that people believe in what we’re building: a global healthcare platform that’s easy to use, affordable, and built around the individual."DETAILS:Hims & Hers Health issued $1 billion in convertible senior notes due 2030 with a 0.00% interest rate.