{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-074398","form_type":"8-K","ticker":"RBBN","cik":"0001708055","company_name":"Ribbon Communications Inc.","filed_at":"2024-06-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.681866+00:00","generated_at":"2026-06-01T02:30:15.778329+00:00","sec_items":["1.01","1.02","2.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Ribbon Communications closes $385M credit facility, to redeem Series A Preferred Stock","bullets":["New $385M senior secured credit facility: $350M term loan + $35M revolver, matures June 2029.","Proceeds used to repay prior credit facility and redeem all Series A Preferred Stock at 103% of liquidation preference on June 25, 2024.","Interest initially SOFR + 6.25%; after FY2024, SOFR + 5.75%-6.25% based on net leverage.","Loans secured by substantially all assets; HPS Investment Partners serves as administrative agent.","Financial covenant: Consolidated Net Leverage Ratio ≤ 4.75:1 through March 2026, then ≤ 4.00:1."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-074398","json":"https://secwatch.observer/filing/0001104659-24-074398.json","markdown":"https://secwatch.observer/filing/0001104659-24-074398.md","text":"https://secwatch.observer/filing/0001104659-24-074398.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1708055/000110465924074398/0001104659-24-074398-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1708055/000110465924074398/tm2417775d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T02:30:15.778329+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"}