Bandwidth repurchases $100 million 0.50% convertible notes due 2028; outstanding principal drops to $150 million

Reuters
Mar 27
Bandwidth repurchases $100 million 0.50% convertible notes due 2028; outstanding principal drops to $150 million
  • Bandwidth agreed to privately repurchase USD 100.0 million aggregate principal amount of its 0.50% convertible senior notes due 2028 at a discount to par, to be paid in cash.
  • Its 0.25% convertible senior notes due 2026 matured and are being retired using cash on hand.
  • After the repurchases close, about USD 150.0 million principal amount of the 2028 notes is expected to remain outstanding.


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