secwatch.observer — SEC 8-K summary
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Issuer:     Bandwidth Inc. (BAND)
CIK:        0001514416
Form:       8-K
Filed at:   2026-06-18T20:04:26+00:00
Accession:  0001514416-26-000049
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bandwidth issues $316.25M 0% convertible notes due 2032; repurchases $122.5M of 2028 notes
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- Issued $316.25M aggregate principal of 0% Convertible Senior Notes due 2032; initial conversion price ~$72.64 per share.
- Entered capped call transactions costing $21.8M with cap price $105.66 to reduce dilution upon conversion.
- Repurchased $122.5M of existing 0.50% convertible notes due 2028 for $116.5M cash; $27.5M remains outstanding.
- Notes are senior unsecured, mature July 1, 2032, redeemable after July 6, 2029 under certain conditions.
- Notes offered in private placement under Rule 144A; shares issuable upon conversion unregistered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514416/000151441626000049/0001514416-26-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514416/000151441626000049/band-20260615.htm
  HTML page:      https://secwatch.observer/filing/0001514416-26-000049

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