---
schema_version: "secwatch.filing_event.v1"
accession: "0001023731-22-000173"
form_type: "8-K"
ticker: "EGHT"
cik: "0001023731"
company_name: "8X8 INC /DE/"
filed_at: "2022-08-04T23:59:59+00:00"
generated_at: "2026-06-24T03:37:18.183552+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# 8x8 exchanges $404M of convertible notes, enters $250M term loan, and repurchases $60M of stock

## Summary
- Exchanged approximately $404 million principal amount of 0.50% Convertible Senior Notes due 2024 for $202 million of new 4.00% notes due 2028 and $182 million cash.
- Entered into a $250 million senior secured term loan credit agreement led by Francisco Partners, maturing August 2027, with interest at Term SOFR plus 6.50%.
- Repurchased $60 million of common stock at $5.61 per share, reducing shares outstanding by about 10.7 million (8.9%).
- Issued warrants to purchase 3.1 million shares of common stock at $7.15, representing a 27.5% premium over the closing price on August 3, 2022.
- New term loan proceeds will fund the cash portion of the exchange and the stock repurchase; closing expected August 10-11, 2022.

## SEC filing metadata
- accession: 0001023731-22-000173
- form_type: 8-K
- ticker: EGHT
- cik: 0001023731
- company_name: 8X8 INC /DE/
- filed_at: 2022-08-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 8.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023731/000102373122000173/0001023731-22-000173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023731/000102373122000173/debt8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023731-22-000173
- JSON: https://secwatch.observer/filing/0001023731-22-000173.json
- Plain text: https://secwatch.observer/filing/0001023731-22-000173.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.