0.37% -0.14

Evolent Health Inc (EVH)

Overview News Price History Option Chain Financials Why EVH Down? Discussions Forecast

Why is Evolent Health Inc (EVH) Stock down?

We've noticed a 5.01% decline in Evolent Health Inc (EVH) stock during the 2024-04-02 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

05 Dec, 2023:

Shares of Evolent Health Inc (EVH) dropped by 9.10% from $29.34 to $26.67 in the trading on Tuesday, December 5, 2023. The reason why EVH is down today is due to an announcement by Evolent Health, Inc. (NYSE: EVH). The company intends to offer $350.0 million in convertible senior notes due 2029, with an option for initial purchasers to acquire up to an additional $52.5 million. These notes are exclusively available to qualified institutional buyers under Rule 144A of the Securities Act. The notes can be converted into cash or Evolent's Class A common stock, with specifics to be determined later. Interest payments will commence on June 1, 2024, and the notes will mature on December 1, 2029. Evolent plans to utilize the proceeds to prepay outstanding borrowings and related fees.