---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-077368"
form_type: "8-K"
ticker: "RBBN"
cik: "0001708055"
company_name: "Ribbon Communications Inc."
filed_at: "2022-07-05T23:59:59+00:00"
generated_at: "2026-06-24T21:21:33.491939+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ribbon Communications amends credit agreement, easing covenants and raising interest margins

## Summary
- Fifth Amendment reduces minimum Fixed Charge Coverage Ratio for remainder 2022; increases max Net Leverage Ratio through June 2023.
- Max LIBOR margin raised to 4.50% (from 3.50%); base rate margin raised to 3.50% (from 2.50%).
- Max commitment fee on unused commitments increased to 0.50% per year (from 0.35%).
- Borrower may incur at least $50M of junior debt; 50% of net proceeds must prepay Senior Secured Credit Facilities.
- Acquisitions, share repurchases, dividends, and certain investments restricted until FY2022 audited financials delivered.

## SEC filing metadata
- accession: 0001104659-22-077368
- form_type: 8-K
- ticker: RBBN
- cik: 0001708055
- company_name: Ribbon Communications Inc.
- filed_at: 2022-07-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1708055/000110465922077368/0001104659-22-077368-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1708055/000110465922077368/tm2220318d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-077368
- JSON: https://secwatch.observer/filing/0001104659-22-077368.json
- Plain text: https://secwatch.observer/filing/0001104659-22-077368.txt

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