secwatch.observer — SEC 8-K summary
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Issuer:     Bandwidth Inc. (BAND)
CIK:        0001514416
Form:       8-K
Filed at:   2026-06-16T10:50:02+00:00
Accession:  0001514416-26-000045
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bandwidth prices $275M 0% convertible senior notes due 2032
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- Principal amount $275M; over-allotment option up to $41.25M (13 days).
- Initial conversion rate 13.7663 shares/$1,000 (price ~$72.64, 37.5% premium over $52.83 close).
- Net proceeds ~$263.6M; $116.5M to repurchase $122.5M of 0.50% 2028 notes.
- $10M to repurchase 189,286 shares concurrently; capped call transactions reduce dilution.
- Notes mature July 1, 2032; no regular interest; redeemable after July 6, 2029 if stock exceeds 130% of conversion price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514416/000151441626000045/0001514416-26-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514416/000151441626000045/band-20260615.htm
  HTML page:      https://secwatch.observer/filing/0001514416-26-000045

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