Bandwidth targets private offering of $275 million convertible senior notes due 2032
Bandwidth Inc. Class A
Bandwidth Inc. Class A BAND | 0.00 |
- Bandwidth plans a Rule 144A private offering of USD 275 million Convertible Senior Notes due 2032, with a 13-day option for USD 41.25 million more.
- Notes are senior unsecured, pay semiannual interest, convert into cash, Class A shares, or a mix at Bandwidth’s election.
- Proceeds earmarked for capped call costs, repurchases of up to USD 10 million of Class A stock, partial buyback of 0.50% convertible senior notes due 2028.
- Remaining funds targeted for credit facility repayment, working capital, general corporate purposes.
- Potential Class A shares on conversion would be unregistered, offered only under an exemption from Securities Act registration.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bandwidth Inc. published the original content used to generate this news brief on June 16, 2026, and is solely responsible for the information contained therein.
