Bandwidth plans $275M convertible notes offering to fund repurchases and debt repayment

Bandwidth Inc. announced plans to offer $275 million in convertible senior notes due 2032 to qualified institutional buyers, with an option for an additional $41.25 million. The company intends to use proceeds for repurchasing shares, buying back existing 2028 convertible notes, repaying credit facility debt, and general corporate purposes. The notes will be convertible into cash or shares, and Bandwidth will enter capped call transactions to reduce dilution. This move aims to optimize capital structure and support stock price stability ahead of the offering.