---
schema_version: "secwatch.filing_event.v1"
accession: "0001023731-24-000062"
form_type: "8-K"
ticker: "EGHT"
cik: "0001023731"
company_name: "8X8 INC /DE/"
filed_at: "2024-07-15T23:59:59+00:00"
generated_at: "2026-05-31T20:38:34.871162+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# 8x8 secures $200M delayed draw term loan at lower interest rate to refinance existing debt

## Summary
- New $200M delayed draw term loan with Wells Fargo, matures Aug 15, 2027, undrawn as of July 15, 2024.
- Initial interest rate SOFR+3.00%, about 3.6pp lower than existing term loan; can step down to SOFR+2.50%.
- Proceeds plus $25M from cash will prepay entire $225M outstanding under existing term loan due Aug 2027.
- Scheduled principal payments: $22.5M FY25, $37.5M FY26, $47.5M FY27, $92.5M at maturity; stock repurchases allowed.
- CFO Kevin Kraus says lower rate reflects lender confidence and enhances financial flexibility.

## SEC filing metadata
- accession: 0001023731-24-000062
- form_type: 8-K
- ticker: EGHT
- cik: 0001023731
- company_name: 8X8 INC /DE/
- filed_at: 2024-07-15T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023731/000102373124000062/0001023731-24-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023731/000102373124000062/eght-20240711.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023731-24-000062
- JSON: https://secwatch.observer/filing/0001023731-24-000062.json
- Plain text: https://secwatch.observer/filing/0001023731-24-000062.txt

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