Guess? Issues Approximately $12.1M Of Additional 3.75% Convertible Notes Due 2028 And Retirement Of Approximately $14.6M Of Existing 2.00% Convertible Notes Due 2024
Portfolio Pulse from Benzinga Newsdesk
Guess? Inc. has issued approximately $12.1 million of new 3.75% convertible notes due in 2028 and has retired about $14.6 million of its existing 2.00% convertible notes due in 2024. This financial maneuver is aimed at restructuring the company's debt and potentially improving its financial flexibility.
April 01, 2024 | 11:09 am
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Guess? Inc. has issued new convertible notes and retired older ones, aiming to improve its debt structure and financial flexibility.
By issuing new convertible notes with a higher interest rate and retiring older ones with a lower interest rate, Guess? Inc. is likely aiming to extend the maturity of its debt and potentially reduce its short-term liabilities. This could be seen positively by investors as it may improve the company's financial health and flexibility, potentially leading to a short-term positive impact on the stock price.
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