secwatch.observer — SEC 8-K summary
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Issuer:     Bandwidth Inc. (BAND)
CIK:        0001514416
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001514416-23-000050
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bandwidth repurchases $65M of 0.25% convertible notes at 22% discount; $175M remain
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- Repurchasing $65M aggregate principal of 0.250% Convertible Senior Notes due 2026 at ~22% discount to par.
- Repurchase price paid in cash based on VWAP of BAND common stock over two-day period starting March 1, 2023.
- Expected close March 6, 2023; after close, $175M principal remains outstanding from initial $400M.
- Cumulative repurchases reduce 2026 notes outstanding by more than 55% (including $160M repurchased in Nov 2022).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514416/000151441623000050/0001514416-23-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514416/000151441623000050/band-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001514416-23-000050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer