Financing ·
Bandwidth Inc. issued $316,250,000 in 0% convertible senior notes due 2032, which includes an additional $41,250,000…
BANDBandwidth Inc.
Bandwidth Inc. issued $316,250,000 in 0% convertible senior notes due 2032, which includes an additional $41,250,000 from an option exercise. The company also entered into capped call transactions costing approximately $21.8 million to reduce potential dilution. Additionally, Bandwidth Inc. repurchased approximately $122.5 million of its outstanding 2028 notes for $116.5 million in cash. Bandwidth Inc. provides cloud communications software and services.