{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-036895","form_type":"8-K","ticker":"RBBN","cik":"0001708055","company_name":"Ribbon Communications Inc.","filed_at":"2023-03-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.221382+00:00","generated_at":"2026-06-17T15:10:29.096299+00:00","sec_items":["7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Ribbon prices $53.4M preferred stock offering, amends credit agreement with $75M prepayment and covenant relief","bullets":["Priced private placement of 55,000 Series A preferred shares at $970/share and ~4.3M warrants; gross proceeds ~$53.4M.","Credit agreement amended: net leverage ratio raised to 4.50x through Q1 2024; fixed charge coverage ratio lowered to 1.10x.","Will prepay $75M of Term Loan A principal; intends to use offering proceeds and cash on hand.","LIBOR replaced with SOFR as interest rate benchmark under credit facility.","Private placement expected to close March 30, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-036895","json":"https://secwatch.observer/filing/0001104659-23-036895.json","markdown":"https://secwatch.observer/filing/0001104659-23-036895.md","text":"https://secwatch.observer/filing/0001104659-23-036895.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1708055/000110465923036895/0001104659-23-036895-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1708055/000110465923036895/tm2310375d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T15:10:29.096299+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}