---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-031693"
form_type: "8-K"
ticker: "RBBN"
cik: "0001708055"
company_name: "Ribbon Communications Inc."
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T04:36:01.784617+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Ribbon Communications updates on SVB closure; ~$4M in customer deposits stuck, expects full recovery

## Summary
- SVB was a lender under Ribbon's Senior Secured Credit Facilities and held some deposit accounts.
- Company withdrew deposits before SVB closure on March 9, but ~$4M in customer payments arrived afterward.
- Ribbon expects to recover remaining deposits, citing FDIC statements; cash spread across multiple large banks.
- Company does not expect SVB closure to have a significant impact on operations or liquidity.
- Believes existing cash, cash flow, and credit facility sufficient for working capital and obligations for at least 12 months.

## SEC filing metadata
- accession: 0001104659-23-031693
- form_type: 8-K
- ticker: RBBN
- cik: 0001708055
- company_name: Ribbon Communications Inc.
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1708055/000110465923031693/0001104659-23-031693-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1708055/000110465923031693/tm239417d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-031693
- JSON: https://secwatch.observer/filing/0001104659-23-031693.json
- Plain text: https://secwatch.observer/filing/0001104659-23-031693.txt

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