Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Bandwidth Inc. amended revolving credit of increase the aggregate revolving credit commitments from $50.0 million to $100.0 million with Bank of America, N.A. maturing extend the maturity date to the earlier of May 1, 2029 (previously August 1, 2028) or the date that is 91 days prior to the scheduled maturity date or mandatory.
- Instrument
- revolving credit
- Principal
- increase the aggregate revolving credit commitments from $50.0 million to $100.0 million
- Counterparty
- Bank of America, N.A.
- Maturity
- extend the maturity date to the earlier of May 1, 2029 (previously August 1, 2028) or the date that is 91 days prior to the scheduled maturity date or mandatory
- Event
- amendment
Exact text from the filing
LLC as Joint Lead Arrangers and Joint Bookrunners. Effective as of May 1, 2024, the Credit Agreement was amended to: • increase the aggregate revolving credit commitments from $50.0 million to $100.0 million; • increase the swingline sublimit from $5.0 million to $10.0 million; • increase from $75.0 million to $82.5 million the minimum liquidity (which includes the
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Bandwidth Inc. updated its first quarter ended March 31, 2024 guidance (raised).
- Period
- first quarter ended March 31, 2024
- Guidance
- raised
- Result
- reported results
Exact text from the filing
On May 7, 2024, the Company issued a press release reporting its financial results for the first quarter ended March 31, 2024.
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Executive change
SEC 8-K Item 5.02
confidence 0.95
Anthony F. Bartolo resigned as Chief Operating Officer at Bandwidth Inc..
- Action
- resigned
- Role
- Chief Operating Officer
Exact text from the filing
On May 6, 2024, Anthony F. Bartolo informed the Company that he has decided to resign his position as Chief Operating Officer of Bandwidth, following a transition period.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Bandwidth Inc. amended Credit Agreement with Bank of America, N.A., as administrative agent, swingline lender and letters of credit issuer (effective 2024-05-01).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A., as administrative agent, swingline lender and letters of credit issuer
- Effective
- 2024-05-01
Exact text from the filing
On May 1, 2024, Bandwidth Inc. (the “Company”) entered into an amendment (the “Credit Agreement Amendment”) to the credit agreement (as amended, the “Credit Agreement”) among the Company, as borrower, certain subsidiaries of the Company, as guarantors, the lenders from time to time party thereto, and Bank of America, N.A., as administrative agent, swingline lender and letters of credit issuer, with BofA Securities, Inc. and Wells Fargo Securities, LLC as Joint Lead Arrangers and Joint Bookrunners.
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