8X8 Inc.

NYSE:EGHT   3:59:54 PM EDT
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Debt Financing / Related

8X8 Announces Convertible Notes Exchange, New Issuance And Stock Repurchase

Published: 08/04/2022 02:17 GMT
8X8 Inc. (EGHT) - 8x8 Announces Convertible Notes Exchange, New Issuance and Stock Repurchase.
$60 Million Share Repurchase Reduces Shares Issued and Outstanding by Estimated 10.7 Million Shares.
8x8-proceeds of New $250 Million Term Loan Credit Facility Led by Francisco Partners Funds Cash Portion of Convertible Note Exchange and Share Repurchase.
8x8- $404 Million Aggregate Principal Amount of Existing Notes Due 2024 Exchanged for $202 Million Aggregate Principal Amount of New Notes Due 2028 and Cash.