Recent Updates — BAND
Bandwidth Inc. announced that General Counsel and Secretary R. Brandon Asbill will retire on December 31, 2026. Effective September 1, 2026, Emily C. Harlan was appointed as the new General Counsel and Secretary, succeeding Asbill who transitioned to an advisory role as General Counsel Emeritus and Assistant Secretary through his retirement. Harlan’s employment agreement includes a $360,000 annual base salary, a target cash incentive equal to 50% of her salary, and restricted stock units valued at $1,000,000. Asbill will receive accelerated vesting of unvested RSUs equivalent to his 2026 target bonus in lieu of the cash award. Bandwidth Inc. is a global cloud communications company providing voice, messaging, and emergency services via its Communications Platform-as-a-Service.
Bandwidth Inc. repurchased approximately $20.8 million in aggregate principal amount of its 0.50% Convertible Senior Notes due 2028 through open-market transactions at a discount to par value. Following this settlement, only about $6.7 million of the original $250 million issued principal balance remains outstanding. Existing capped call transactions related to these notes will remain in effect. Bandwidth Inc. operates in the communications technology industry, providing cloud-based voice, video, and IoT connectivity solutions.
Bandwidth Inc. reported second quarter 2026 financial results with revenue of $220 million, a 22% year-over-year increase, and Adjusted EBITDA of $28 million, up 27%, achieving a record Adjusted EBITDA margin of 18%. The company raised its full-year 2026 guidance to revenue between $900 million and $910 million and Adjusted EBITDA between $123 million and $125 million. Additionally, Bandwidth entered into a third amendment to its credit agreement on July 25, 2026, increasing the annual restricted payments limit from $20.0 million to $40.0 million. General Counsel R. Brandon Asbill announced his retirement effective December 31, 2026. Bandwidth Inc. operates in the global enterprise cloud communications industry, providing voice, messaging, and emergency services.
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.
Bandwidth Inc. priced a private offering of $275 million principal amount of 0% convertible senior notes due 2032. The sale to initial purchasers is expected to settle on June 18, 2026. Bandwidth Inc. provides cloud communications software and services.