secwatch.observer — SEC 8-K summary
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Issuer:     8X8 INC /DE/ (EGHT)
CIK:        0001023731
Form:       8-K
Filed at:   2025-08-04T23:59:59+00:00
Accession:  0001023731-25-000070
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023731/000102373125000070/0001023731-25-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023731/000102373125000070/eght-20250729.htm
  HTML page:      https://secwatch.observer/filing/0001023731-25-000070

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