Guess revamps convertible note terms to tackle debt crunch

Guess?, Inc. Announces Exchange of Convertible Notes

Guess?, Inc. (NYSE: GES) has recently revealed its plan to exchange approximately $67.1 million of its 2.00% convertible senior notes due in 2024 for approximately $64.8 million of 3.75% convertible senior notes due in 2028. This move is part of the company’s broader strategy to effectively manage its debt obligations. The transaction is expected to close around January 10, 2024.