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An update from Guess?, Inc. (GES) is now available.
Guess?, Inc. successfully completed its exchange of 2.00% convertible notes due in 2024 for new 3.75% convertible notes maturing in 2028, aiming to strengthen its financial structure. To mitigate potential dilution of its common stock from the conversion of these new notes, the company entered into a hedge transaction, while a separate warrant transaction could potentially have a dilutive effect if the company’s stock price exceeds the warrant’s strike price. Additionally, Guess? has amended its credit facility in relation to its acquisition of rag & bone, signaling strategic growth and collaboration with WHP Global.
Learn more about GES stock on TipRanks’ Stock Analysis page.