Bandwidth secures $50M revolving credit facility maturing June 2025

Bandwidth Inc.

$50.0M revolving credit facility with $20M letter-of-credit sublimit and $5M swingline subfacility.
Interest at SOFR plus 1.50%-2.00% or base rate plus 0.50%-1.00%, depending on consolidated adjusted quick ratio.
Secured by substantially all tangible/intangible assets and pledges of domestic subsidiary equity and 65% of material foreign subsidiary voting stock.
Financial covenant requires consolidated adjusted quick ratio ≥1.25:1.00 if aggregate cash held at Silicon Valley Bank or under control agreements is below $70M.
Quarterly commitment fee of 0.0625% on unused portion; matures June 6, 2025.

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