Bandwidth, Inc. (BAND) Announces Proposed Private Offering of $250 Million of Convertible Senior Notes
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Bandwidth, Inc. (BAND) Announces Pricing of $250 Million Convertible Senior Notes Offering
March 12, 2021 7:15 AM ESTBandwidth Inc. (NASDAQ: BAND) ("Bandwidth"), a leading enterprise cloud communications company, today announced the pricing of $250 million aggregate principal amount of 0.50% Convertible Senior Notes due 2028 (the "Notes") in a private offering (the "Offering") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In addition, Bandwidth has granted the initial purchasers of the Notes a 13-day option to purchase up to an additional $37.5 million aggregate principal amount of the Notes. The sale of the Notes to the initial purchasers is expected to settle on March 16, 2021, subject... More
