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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Evolent Health Inc | NYSE:EVH | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.4517 | -1.85% | 24.0083 | 25.60 | 23.93 | 24.86 | 1,388,290 | 19:19:50 |
From Nov 2023 to May 2024
By Dean Seal
Shares of Evolent Health fell after the company said it would offer $350 million in convertible notes.
The stock retreated 15% to $25.08 in early trading. Shares are down 11% year-to-date.
The healthcare company said Tuesday morning that it plans to offer $350 million in convertible senior notes, due in 2029, to qualified institutional investors. Initial purchasers will be given the option to buy up to an additional $52.5 million in notes.
Proceeds from the offering will be used to prepay a portion of outstanding borrowings and pay related fees under its loan facility.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
December 05, 2023 10:15 ET (15:15 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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