secwatch.observer — SEC 8-K summary
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Issuer:     GUESS INC (—)
CIK:        0000912463
Form:       8-K
Filed at:   2024-04-03T23:59:59+00:00
Accession:  0001193125-24-085469
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Guess completes acquisition of rag & bone for $57.1M, expands credit facility to $200M
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- Guess? contributed $57.1M to acquire rag & bone; owns all operating assets and jointly owns IP with WHP Global.
- Existing ABL credit facility expanded by $50M to $200M total borrowing capacity in connection with the acquisition.
- Exchanged $14.6M of 2.00% convertible notes due 2024 for $12.1M of additional 3.75% notes due 2028.
- Hedge and warrant transactions entered, each covering ~0.5M shares of common stock, to offset dilution from new notes.
- Additional 2028 notes initially convertible into max ~644,595 shares; warrants on max ~991,684 shares at strike ~$41.37.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912463/000119312524085469/0001193125-24-085469-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912463/000119312524085469/d510308d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-085469

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