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An announcement from Guess?, Inc. (GES) is now available.
Guess?, Inc. has announced amendments to its credit facility to enable a series of financial maneuvers, including an exchange offer of its convertible notes and a substantial stock repurchase program. The company will exchange $14.6 million of its 2024 Convertible Notes for $12.1 million of new 2028 Convertible Notes and has been authorized to buy back up to $200 million of its common stock. This flexible repurchase plan allows for market-driven timing and has no set share quantity, highlighting the company’s proactive financial management strategies.
For detailed information about GES stock, go to TipRanks’ Stock Analysis page.