Bandwidth repurchases $20.8M of 0.50% Convertible Notes due 2028; $6.7M remains

Bandwidth repurchased approximately $20.8 million principal of its 0.50% Convertible Senior Notes due 2028 at a discount to par.

Key Highlights:

• Repurchased ~$20.8M aggregate principal of 0.50% Convertible Senior Notes due 2028 in open-market transactions.
• Repurchase consideration will be paid in cash, reducing outstanding debt at a discount to par.
• About $6.7M aggregate principal of the Notes remain outstanding from the original $250M issuance.
• Capped call transactions entered in connection with the Notes are expected to remain in effect despite the repurchases.

Original SEC Filing:

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