---
schema_version: "secwatch.filing_event.v1"
accession: "0001628908-23-000180"
form_type: "8-K"
ticker: "EVH"
cik: "0001628908"
company_name: "Evolent Health, Inc."
filed_at: "2023-12-05T23:59:59+00:00"
generated_at: "2026-06-07T18:04:27.325711+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Evolent Health proposes $350M convertible notes due 2029 to pay down term loan

## Summary
- Offering $350M aggregate principal of convertible senior notes due 2029; underwriters may purchase up to $52.5M additional.
- Notes convertible into cash, EVH Class A common stock, or a combination at company's election; conversion rate and interest rate set at pricing.
- Proceeds plus available liquidity used to prepay outstanding borrowings under its term loan facility (maturing Jan 2029).
- Interest on notes payable semiannually starting June 1, 2024; notes mature December 1, 2029 unless earlier repurchased or converted.
- Offering exempt from registration under Securities Act, sold only to qualified institutional buyers via Rule 144A.

## SEC filing metadata
- accession: 0001628908-23-000180
- form_type: 8-K
- ticker: EVH
- cik: 0001628908
- company_name: Evolent Health, Inc.
- filed_at: 2023-12-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628908/000162890823000180/0001628908-23-000180-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628908/000162890823000180/evh-20231205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628908-23-000180
- JSON: https://secwatch.observer/filing/0001628908-23-000180.json
- Plain text: https://secwatch.observer/filing/0001628908-23-000180.txt

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