---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-222428"
form_type: "8-K"
ticker: "EGHT"
cik: "0001023731"
company_name: "8X8 INC /DE/"
filed_at: "2022-08-16T23:59:59+00:00"
generated_at: "2026-06-23T23:19:48.617581+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# 8x8 issues $202M 4.00% convertible notes due 2028; exchanges $404M 0.50% notes and repurchases $60M stock

## Summary
- Issued $202M aggregate principal of 4.00% Convertible Senior Notes due 2028 under an indenture with Wilmington Trust.
- Exchanged $404M of 0.50% Convertible Senior Notes due 2024 for $202M new notes plus $182M cash via private agreements.
- Repurchased ~$60M of common stock at $5.61/share from exchanging holders, concurrently with the exchange.
- Initial conversion price on new notes is ~$7.15/share (139.8064 shares per $1,000 principal); notes redeemable after Aug 6, 2025.
- Term loan of $250M drawn on Aug 10, 2022, as previously disclosed; proceeds used alongside exchange transactions.

## SEC filing metadata
- accession: 0001193125-22-222428
- form_type: 8-K
- ticker: EGHT
- cik: 0001023731
- company_name: 8X8 INC /DE/
- filed_at: 2022-08-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023731/000119312522222428/0001193125-22-222428-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023731/000119312522222428/d373894d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-222428
- JSON: https://secwatch.observer/filing/0001193125-22-222428.json
- Plain text: https://secwatch.observer/filing/0001193125-22-222428.txt

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