---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-277512"
form_type: "8-K"
ticker: null
cik: "0001391127"
company_name: "Edgio, Inc."
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:11:32.891206+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Edgio gets $66M new capital, exchanges 95% of existing notes; Q3 rev $97M; guided to breakeven Adj. EBITDA in Q4

## Summary
- Q3 revenue $97.0M (+1.3% QoQ, –12.4% YoY); GAAP gross margin 23.9%; Adj. EBITDA loss $9.5M (improved from –$13.4M Q2).
- Receives $66M new financing from Lynrock; exchanges $118.9M of 3.50% 2025 notes for new 3.5%/16% PIK secured notes due 2027 at $1.46 conversion price.
- Senior secured term loan of $79.5M from Lynrock at same rate, maturing Nov 2027; proceeds to repurchase remaining existing notes.
- Q4 guidance: revenue $96–98M, Adj. EBITDA –$1M to +$1M. FY2023 rev $391–393M, Adj. EBITDA –$38 to –$36M.
- Record Applications bookings up >150% QoQ; revenue churn down 24% from Q4 2022; Board reduced to five with two new independent directors.

## SEC filing metadata
- accession: 0001193125-23-277512
- form_type: 8-K
- cik: 0001391127
- company_name: Edgio, Inc.
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1391127/000119312523277512/0001193125-23-277512-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1391127/000119312523277512/d850446d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-277512
- JSON: https://secwatch.observer/filing/0001193125-23-277512.json
- Plain text: https://secwatch.observer/filing/0001193125-23-277512.txt

## Key facts
- Debt Financings
  Edgio, Inc. incurred senior notes of $118,870,000 in aggregate principal amount at maturity with Lynrock Lake Master Fund LP at 3.5% cash / 16% PIK maturing November 14, 2027.
  - Instrument: senior notes
  - Principal: $118,870,000 in aggregate principal amount at maturity
  - Counterparty: Lynrock Lake Master Fund LP
  - Rate: 3.5% cash / 16% PIK
  - Maturity: November 14, 2027
  - Event: incurrence
  source text: the Company issued Lynrock $118,870,000 in aggregate principal amount at maturity of the Company's new (3.5% cash / 16% PIK) Senior Secured Convertible Notes due 2027
  evidence_url: https://www.sec.gov/Archives/edgar/data/1391127/000119312523277512/0001193125-23-277512-index.htm
- Earnings Releases
  Edgio, Inc. reported the third quarter ended September 30, 2023 results: revenue $97.0 million.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $97.0 million
  - Result: reported results
  source text: shall be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Edgio Reports Third Quarter 2023 Results Q3 2023 Revenue of $97.0 Million Record Applications Bookings in 3Q 2023, Up More Than 150%, Sequentially Reiterate Expectation of Breakeven Adjusted EBITDA in 4Q 2023 Receives $66 Million and Exchanges 95% of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1391127/000119312523277512/0001193125-23-277512-index.htm
- Material Agreements
  Edgio, Inc. entered into Indenture with U.S. Bank National Association valued at $118,870,000 (effective 2023-11-14).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank National Association
  - Value: $118,870,000
  - Effective: 2023-11-14
  source text: On November 14, 2023, Edgio, Inc. (the “Company” or “we”) entered into a private exchange with Lynrock Lake Master Fund LP (“Lynrock”), holding an aggregate of $118,870,000 in principal amount of the Company’s outstanding 3.50% Convertible Senior Notes due 2025 (the “Existing Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1391127/000119312523277512/0001193125-23-277512-index.htm

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