Bandwidth Inc. announced plans to offer $275 million aggregate principal amount of Convertible Senior Notes due 2032 in a private offering to qualified institutional buyers. The offering is subject to market and other customary conditions and is intended to provide additional financial flexibility to support the company's long-term strategic and operational objectives. The announcement follows the June 9 appointment of Kimberly McLachlan as Chief Revenue Officer, who previously served as Chief Revenue Officer and Head of Sales for the Application division at Vonage.
Bandwidth IncPlans $275M convertible notes offering for financial flexibility; dilutive but provides capital for strategic objectives.