secwatch.observer — SEC 8-K summary
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Issuer:     GUESS INC (—)
CIK:        0000912463
Form:       8-K
Filed at:   2023-04-18T23:59:59+00:00
Accession:  0001193125-23-105011
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912463/000119312523105011/0001193125-23-105011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912463/000119312523105011/d470486d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-105011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer