---
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"
generated_at: "2026-06-01T02:30:15.778329+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ribbon Communications closes $385M credit facility, to redeem Series A Preferred Stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-074398
- JSON: https://secwatch.observer/filing/0001104659-24-074398.json
- Plain text: https://secwatch.observer/filing/0001104659-24-074398.txt

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