---
schema_version: "secwatch.filing_event.v1"
accession: "0001384905-23-000043"
form_type: "8-K"
ticker: "RNG"
cik: "0001384905"
company_name: "RingCentral, Inc."
filed_at: "2023-08-16T23:59:59+00:00"
generated_at: "2026-06-11T08:18:16.366336+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# RingCentral issues $400M senior notes at 8.5% due 2030; expands credit facility by $25M

## Summary
- Issued $400M aggregate principal of 8.500% senior notes due 2030 in a private placement.
- Net proceeds ~$394M; to be used to repurchase/repay convertible notes and for general corporate purposes.
- Interest at 8.5% paid semi-annually on Feb 15 and Aug 15; notes mature Aug 15, 2030.
- Amended credit agreement: revolving commitments increased by $25M to $225M.
- Notes guaranteed by domestic subsidiaries; covenants include limitations on liens, subsidiary guarantees, and mergers.

## SEC filing metadata
- accession: 0001384905-23-000043
- form_type: 8-K
- ticker: RNG
- cik: 0001384905
- company_name: RingCentral, Inc.
- filed_at: 2023-08-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1384905/000138490523000043/0001384905-23-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1384905/000138490523000043/rng-20230815.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001384905-23-000043
- JSON: https://secwatch.observer/filing/0001384905-23-000043.json
- Plain text: https://secwatch.observer/filing/0001384905-23-000043.txt

## Key facts
- Debt Financings
  RingCentral, Inc. incurred senior notes of $400 million aggregate principal amount with U.S. Bank Trust Company, National Association at 8.500% per annum maturing August 15, 2030.
  - Instrument: senior notes
  - Principal: $400 million aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 8.500% per annum
  - Maturity: August 15, 2030
  - Event: incurrence
  source text: completed its previously announced offering of $400 million aggregate principal amount of its 8.500% senior notes due 2030
  evidence_url: https://www.sec.gov/Archives/edgar/data/1384905/000138490523000043/0001384905-23-000043-index.htm
- Debt Financings
  RingCentral, Inc. amended revolving credit of aggregate amount of $225 million with Bank of America, N.A..
  - Instrument: revolving credit
  - Principal: aggregate amount of $225 million
  - Counterparty: Bank of America, N.A.
  - Event: amendment
  source text: increase the revolving credit commitments by $25 million in accordance with the incremental loan provisions of the Credit Agreement, to an aggregate amount of $225 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1384905/000138490523000043/0001384905-23-000043-index.htm
- Material Agreements
  RingCentral, Inc. amended First Amendment to Credit Agreement with Bank of America, N.A., as administrative agent, the letter of credit issuers party thereto and the lender party thereto valued at increase the revolving credit commitments by $25 million to an aggregate amount of $225 million (effective 2023-08-15).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent, the letter of credit issuers party thereto and the lender party thereto
  - Value: increase the revolving credit commitments by $25 million to an aggregate amount of $225 million
  - Effective: 2023-08-15
  source text: On August 15, 2023, the Company entered into the First Amendment to Credit Agreement (the “First Amendment”), among the Company, the other loan parties party thereto, Bank of America, N.A., as administrative agent, the letter of credit issuers party thereto and the lender party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1384905/000138490523000043/0001384905-23-000043-index.htm
- Material Agreements
  RingCentral, Inc. entered into Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $400 million aggregate principal amount (effective 2023-08-16).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association, as trustee
  - Value: $400 million aggregate principal amount
  - Effective: 2023-08-16
  source text: The Notes were issued pursuant to an indenture, dated as of August 16, 2023 (the “Indenture”), by and among the Company, RingCentral International, Inc., a Delaware corporation (“RGC International”), RingCentral IP Holdings, Inc., a Delaware corporation (“RGC IP Holdings”), and RingCentral Holdings I, Inc., a Delaware corporation (“RGC Holdings”, and together with RGC International and RGC IP Holdings, the “Subsidiary Guarantors”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1384905/000138490523000043/0001384905-23-000043-index.htm

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