secwatch.observer — SEC 8-K summary
======================================

Issuer:     Evolent Health, Inc. (EVH)
CIK:        0001628908
Form:       8-K
Filed at:   2025-08-21T23:59:59+00:00
Accession:  0001193125-25-185388
Event type: debt
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud

Evolent Health issues $166.75M of 4.50% convertible notes, repurchases existing notes and stock
--------------------------------------------------------------------------------

- Issued $166.75M aggregate principal of 4.50% convertible senior notes due 2031 at 100% par.
- Used net proceeds of $161.2M plus liquidity to repurchase $167.4M of 1.50% convertible notes due 2025 for $167.6M.
- Concurrently repurchased $40M of Class A common stock in privately negotiated transactions.
- Initial conversion price of ~$13.53 per share, representing a 50% premium over August 18 closing price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1628908/000119312525185388/0001193125-25-185388-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1628908/000119312525185388/d72742d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-185388

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