---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-105011"
form_type: "8-K"
ticker: null
cik: "0000912463"
company_name: "GUESS INC"
filed_at: "2023-04-18T23:59:59+00:00"
generated_at: "2026-06-17T01:08:29.324266+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Guess? issues $275M 3.75% convertible notes due 2028, exchanges existing $184.9M notes

## Summary
- Issued $275 million aggregate principal of 3.75% convertible senior notes due April 15, 2028.
- Exchanged ~$184.9 million of existing 2.00% convertible notes due 2024 for ~$161.4 million new notes and $33.3 million cash.
- Initial conversion price ~$24.70 per share; notes convertible into common stock (ticker GES) under specified conditions.
- Entered convertible note hedge to reduce dilution and warrant transactions with strike price ~$41.80 per share.
- Notes are senior unsecured, interest 3.75% payable semi-annually starting Oct 15, 2023.

## SEC filing metadata
- accession: 0001193125-23-105011
- form_type: 8-K
- cik: 0000912463
- company_name: GUESS INC
- filed_at: 2023-04-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/912463/000119312523105011/0001193125-23-105011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912463/000119312523105011/d470486d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-105011
- JSON: https://secwatch.observer/filing/0001193125-23-105011.json
- Plain text: https://secwatch.observer/filing/0001193125-23-105011.txt

## Key facts
- Debt Financings
  GUESS INC incurred convertible notes of $275.0 million in aggregate principal amount with U.S. Bank Trust Company, National Association at annual rate of 3.75% maturing April 15, 2028.
  - Instrument: convertible notes
  - Principal: $275.0 million in aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: annual rate of 3.75%
  - Maturity: April 15, 2028
  - Event: incurrence
  source text: in a private placement (collectively, the “Subscription Transactions” and, together with the Exchange Transactions, the “Transactions”) for the issuance in the Transactions of $275.0 million in aggregate principal amount of New Convertible Notes. Indenture On April 17, 2023, in connection with the issuance of the New Convertible Notes, the Company entered into an
  evidence_url: https://www.sec.gov/Archives/edgar/data/912463/000119312523105011/0001193125-23-105011-index.htm
- Material Agreements
  GUESS INC entered into Indenture with U.S. Bank Trust Company, National Association valued at $275.0 million (effective 2023-04-17).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $275.0 million
  - Effective: 2023-04-17
  source text: On April 17, 2023, in connection with the issuance of the New Convertible Notes, the Company entered into an indenture (the "Indenture") with respect to the New Convertible Notes with U.S. Bank Trust Company, National Association, as trustee (the "Trustee").
  evidence_url: https://www.sec.gov/Archives/edgar/data/912463/000119312523105011/0001193125-23-105011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.