Bandwidth prices USD 275 million 0% convertible senior notes due 2032

Bandwidth Inc. Class A

Bandwidth Inc. Class A

BAND

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  • Bandwidth priced a USD 275 million private offering of 0% Convertible Senior Notes due 2032, with a 13-day option for USD 41.25 million more.
  • Notes convert at 13.7663 shares per USD 1,000, implying a USD 72.64 conversion price and a 37.5% premium to June 15 close.
  • Net proceeds estimated at about USD 263.6 million, or about USD 303.5 million if the overallotment is fully exercised.
  • Proceeds earmarked for capped call costs, repurchase of about USD 122.5 million of 0.50% convertible senior notes due 2028, debt repayment, working capital.
  • Settlement expected June 18, 2026; notes mature July 1, 2032.


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