secwatch.observer — SEC 8-K summary
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Issuer:     8X8 INC /DE/ (EGHT)
CIK:        0001023731
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001023731-24-000072
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.02, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023731/000102373124000072/0001023731-24-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023731/000102373124000072/eght-20240805.htm
  HTML page:      https://secwatch.observer/filing/0001023731-24-000072

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