Bandwidth Inc. filed a current report on August 3, 2026, disclosing open-market repurchases of approximately $20.8 million aggregate principal amount of its 0.50% Convertible Senior Notes due 2028 at a discount to Par Value .

Key Highlights

  • Repurchase amount: Approximately $20.8 million aggregate principal amount of 0.50% Convertible Senior Notes due 2028 was repurchased in open-market transactions.
  • Discount to par: The repurchases were executed at a discount to par value, with payment to be made in cash.
  • Remaining balance: Following settlement, approximately $6.7 million aggregate principal amount of the Notes will remain outstanding.
  • Original issuance: The Notes were initially issued with a principal balance of $250 million.
  • Capped call transactions: Previously entered capped call transactions with certain financial institutions are expected to remain in effect notwithstanding the repurchases.

Bandwidth Reduces Convertible Note Obligations to $6.7 Million Remaining

According to the filing, Bandwidth Inc. ( Nasdaq : BAND) disclosed on August 3, 2026, that it repurchased approximately $20.8 million aggregate principal amount of its 0.50% Convertible Senior Notes due 2028 through open-market transactions. The company reported that the repurchase price was paid in cash and was executed at a discount to par value.

The filing states that following the settlement of the repurchases, approximately $6.7 million aggregate principal amount of the Notes will remain outstanding. This compares to an initial issued principal balance of $250 million, indicating that the vast majority of the original notes have been retired over time, according to the disclosure.

The company also noted that it had previously entered into capped call transactions with certain financial institutions in connection with the Notes. The filing states that "all of these transactions are expected to remain in effect notwithstanding the Repurchases." The report was signed by Daryl E. Raiford, Chief Financial Officer of Bandwidth Inc. The filing further noted that the information furnished under Item 8.01 shall not be deemed "filed" for purposes of Section 18 of the Exchange Act.

What Was Disclosed

Bandwidth Inc. disclosed open-market repurchases of approximately $20.8 million of its 0.50% Convertible Senior Notes due 2028 at a discount to par, leaving approximately $6.7 million outstanding from an original $250 million issuance. Verified against source; unverifiable items removed.