Goldman Sachs Tests Demand for Debt of Furniture Seller Wayfair

Goldman Sachs Group Inc. is holding meetings with leveraged finance investors to gauge their appetite for debt from Wayfair, the online furniture retailer, according to people with knowledge of the plan.

The process is in its early stages as Wayfair considers ways to address coming maturities on convertible bonds, said the people, who asked not to be named discussing a private matter. The company could raise around $1 billion from a debt sale, though the size and other details are subject to change, one of the people added.

Wayfair has approximately $870 million of convertible debt due by the end ...