8x8 amends term loan, reduces principal by $219M since peak, outstanding $127M

8X8 INC /DE/

Executed First Amendment to Term Loan Credit Agreement with Wells Fargo and lenders.
Consolidated total net leverage ratio covenant fixed at 4.50x for duration of agreement.
Acquisition flexibility added: up to $25M of aggregate consideration exempt from certain ratio tests.
Outstanding term loan principal $127M after $10M prepayment; no mandatory FY2026 payments until June 30, 2026.
Company has reduced term loan by $219M (~40%) since August 2022 peak.

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