other material
confidence high
sentiment neutral
materiality 0.45
Bandwidth says SVB closure not material; $100k cash at SVB, $50M undrawn facility
Bandwidth Inc.
- Holds approximately $100,000 cash on deposit at Silicon Valley Bank.
- Maintains $50M revolving credit facility with SVB as administrative agent; no amounts borrowed.
- No borrowings under any revolving credit facility in prior three fiscal years.
- Company believes SVB closure will not materially impact liquidity, business, or results.