Form 8-K GUESS INC For: Apr 02

Go back to Form 8-K GUESS INC For: Apr 02

Guess? (GES) Provides Financing Updates

April 3, 2024 8:08 AM EDT

On April 2, 2024, Guess? (NYSE: GES) completed its previously announced separate, privately negotiated exchange and subscription agreement (the Exchange and Subscription Agreement) with a holder of its 2.00% convertible senior notes due 2024 (the 2024 Notes) pursuant to exemptions from registration under the Securities Act of 1933, as amended (the Securities Act). Pursuant to the Exchange and Subscription Agreement, the Company exchanged approximately $14.6 million in aggregate principal amount of the 2024 Notes for approximately $12.1 million in aggregate principal amount of additional 3.75% convertible senior notes due 2028 (the Additional 2028 Notes) (collectively, the Exchange Transactions). The Additional 2028 Notes will have the same terms, constitute a single series... More