8x8 repays $225M term loan, enters $200M Wells Fargo facility

8X8 INC /DE/

On Aug 5, 2024, 8x8 repaid $225M aggregate principal plus fees under the 2022 Credit Agreement and terminated it.
Borrowed $200M under new Term Loan Credit Agreement with Wells Fargo; funding occurred Aug 5, 2024.
Proceeds of $200M plus $29M from cash were used to fully satisfy the old term loan.
Terms of the new credit agreement are incorporated by reference from the July 15, 2024 8-K.

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