secwatch.observer — SEC 8-K summary
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Issuer:     GUESS INC (—)
CIK:        0000912463
Form:       8-K
Filed at:   2024-01-10T23:59:59+00:00
Accession:  0001193125-24-006006
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Guess exchanges $67.1M of 2% 2024 notes for $64.8M of 3.75% 2028 notes; enters hedge and warrant transactions
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- Exchanged ~$67.1M aggregate principal of 2.00% convertible notes due 2024 for ~$64.8M of additional 3.75% convertible notes due 2028.
- New notes rank equally with existing 2028 notes; same CUSIP and terms.
- Purchased convertible note hedge (call options) covering ~2.7M shares to offset dilution from conversion of additional notes.
- Sold warrants to same counterparty covering ~2.7M shares with strike price of ~$41.37 per share; may dilute if stock exceeds strike.
- Transactions are privately negotiated; no registration statement plans for resale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912463/000119312524006006/0001193125-24-006006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912463/000119312524006006/d706600d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-006006

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