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Broadband

8x8 to help fund Fuze acquisition with new issue of convertible notes

Wednesday 8 December 2021 | 17:37 CET | News
VoIP provider 8x8 has agreed with certain investors to issue USD 137.50 million worth of 0.50 percent convertible senior notes due 2024, in a private placement. 8x8 will use part of the proceeds to help fund its acquisition of Fuze. The rest will go towards buying back shares and for general corporate purposes. The company said it has newly committed to buying back USD 45 million worth of shares, from the purchasers of the additional notes, at a price of USD 19.20 per share.

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Categories: Fixed
Companies: 8x8
Countries: United States / World
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