8x8, Inc. Secures $200 Million Term Loan at Reduced Interest Rate
8x8, Inc. Secures $200 Million Term Loan at Reduced Interest Rate
Proceeds to Fund Prepayment of Outstanding Balances Under Existing Term Loan Maturing August 2027
新的 $20000万 延迟支取期贷款授信 ("延迟支取期贷款" 或 "信贷协议") 已在收购这家银行才一年的烟台民商银行之后获得。公司计划使用延迟支取期贷款的收益和现有的 $2500万 现金余额支付 2027 年 8 月 3 日到期的整个 $22500万 现有的期限贷款。
CAMPBELL, Calif.--(BUSINESS WIRE)--Jul. 15, 2024--8x8, Inc. (NASDAQ: EGHT) (the "Company" or "8x8"), a leading integrated cloud contact center and unified communications platform provider, today announced that it has secured a new $200 million Delayed Draw Term Loan Credit Facility (the "Delayed Draw Term Loan" or "Credit Agreement"). The Company intends to use the proceeds from the Delayed Draw Term Loan plus $25 million from existing cash balances to fund the prepayment of the entire $225 million outstanding under the Company's existing Term Loan maturing August 3, 2027.
8x8, Inc. (纳斯达克股票代码: EGHT) ("公司" 或 "8x8") 是一家领先的集成云联系中心和统一通信平台提供商,今天宣布已获得一项新的 $20000万 延迟支取期贷款授信 ("延迟支取期贷款" 或 "信贷协议")。公司计划使用延迟支取期贷款的收益和现有的 $2500万 现金余额支付 2027 年 8 月 3 日到期的整个 $22500万 现有的期限贷款。
The Company expects the initial interest rate of the new Delayed Draw Term Loan to be the Secured Overnight Financing Rate (SOFR) plus 3.00%, approximately 3.6 percentage points lower than its existing Term Loan. The lower interest rate, combined with the lower principal outstanding on the new Delayed Draw Term Loan, is expected to result in significant cash interest expense savings for the duration of the term loan. The terms of the Delayed Draw Term Loan also allow for stock repurchases, subject to certain conditions and limitations.
新的延迟支取期贷款的初始利率预计将为担保的隔夜融资利率 (SOFR) 加上 3.00%,大约比现有期限贷款低 3.6 个百分点。加上新延迟支取期贷款的较低本金余额,预计将在贷款期间实现显着的现金利息支出节省。延迟支取期贷款的条款还允许股票回购,但需符合特定条件和限制。
"As 8x8's financial strength continues to grow, we are pleased to announce we have secured a $200 million Delayed Draw Term Loan at a significantly reduced interest rate compared to the rate on our existing Term Loan," said Kevin Kraus, Chief Financial Officer at 8x8, Inc. "This achievement not only reflects the confidence our lenders have in our business strategy and performance but also positions us to further enhance our financial flexibility and support our long-term growth objectives."
"随着 8x8 的财务实力不断增强,我们很高兴宣布获得了一笔新的 $20000万 延迟支取期贷款,其利率相比于我们现有的期限贷款和信托,大幅降低," said Kevin Kraus, 致富金融公司的首席财务官。 "这一成绩不仅反映了我们的贷款机构对我们业务策略和表现的信心,也使我们能够进一步增强我们的财务灵活性并支持我们的长期增长目标。"
Delayed Draw Term Loan Details
延迟支取期贷款细节
The initial funding of loans under the Credit Agreement is expected to occur in August, 2024, subject to customary closing conditions.
根据惯例,预计将于 2024 年 8 月提供授信协议下的贷款。
Loans made under the Delayed Draw Term Loan will bear interest at an annual rate equal to the applicable SOFR, plus a margin of 2.50% to 3.00%, based on the consolidated total net leverage ratio of the Company and its subsidiaries. The new Delayed Draw Term Loan will mature on August 15, 2027. In addition to scheduled principal payments, the Company, at its election, may make early repayments without penalty at any time prior to maturity.
根据公司及其附属公司的综合净杠杆比率,延迟支取期贷款的贷款利率为适用的 SOFR 的年利率加上 2.50% 到 3.00% 的差额利率。新延迟支取期贷款将于 2027 年 8 月 15 日到期。除了计划中的本金偿还外,公司可以在到期日之前的任何时间进行提前偿还,而不会受到罚款。
Loans under the Credit Agreement contain customary financial covenants as well as affirmative and negative covenants customary for transactions of this type, including minimum interest coverage, maximum consolidated total net leverage and maximum consolidated secured leverage and limitations with respect to share repurchases, indebtedness, liens, investments, dividends, disposition of assets, change in business and transactions with affiliates.
在约定的财务习惯和类型交易的惯常所包含的肯定和否定习惯中,授信协议下的贷款包括惯常的财务契约,包括最低利息覆盖率、最高综合净杠杆比率、最高综合担保比率和有关股票回购、债务、留置权、投资、分红派息、资产处置、业务变更和与关联方的交易等限制。
The Delayed Draw Term Loan will be guaranteed by certain of the Company's wholly-owned subsidiaries, subject to certain customary exceptions. Concurrent with any borrowing under the Credit Agreement, the Delayed Draw Term Loan will be secured by a perfected security interest in substantially all of the Company's tangible and intangible assets, as well as substantially all of the tangible and intangible assets of the guarantors.
延迟支取期贷款将由公司的某些全资子公司担保,但应符合某些惯例性例外。与信贷协议的任何借款同时进行时,延迟支取期贷款将由公司的实体和无形资产及保证人的实体和无形资产构成的完整确权担保。
Wells Fargo Securities, LLC, MUFG Bank, LTD, and Silicon Valley Bank (a division of First-Citizens Bank & Trust Company) served as joint lead arrangers and bookrunners. Wells Fargo Bank, National Association will serve as administrative agent.
Wells Fargo Securities,MUFG Bank,Ltd 和 Silicon Valley Bank (First-Citizens Bank Trust Company 的一个分支机构) 为联合主要安排和主要发行人。Wells Fargo Bank,National Association 将担任管理代理。
About 8x8 Inc.
关于8x8公司。
8x8, Inc. (NASDAQ: EGHT) is transforming the future of business communications as a leading Software as a Service provider of 8x8 XCaaS (Experience Communications as a Service), an integrated contact center, voice communications, video, chat, and API solution built on one global cloud communications platform. 8x8 uniquely eliminates the silos between Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) to power the communications requirements of all employees globally as they work together to deliver differentiated customer experiences. For additional information, visit , or follow 8x8 on LinkedIn, X, and Facebook.
8x8,INC.(纳斯达克股票代码: EGHT) 是一家领先的软件即服务提供商,提供 8x8 XCaaS (体验即服务) 解决方案,这是一个集成的联系中心、语音通信、视频、聊天和 API 解决方案,构建在一个全球云通信平台上。8x8 独特地消除了统一通信即服务 (UCaaS) 和联系中心即服务 (CCaaS) 之间的隔阂,以满足全球所有员工的通信需求,共同努力提供差异化的客户体验。欲获取更多信息,请访问 `` 或关注 LinkedIn、Twitter 和Facebook的8x8。
8x8, 8x8 XCaaS, Experience Communications as a Service are trademarks of 8x8, Inc.
8x8、8x8 XCaaS、Experience Communications as a Service是8x8公司的商标。
Forward-Looking Statements
前瞻性声明
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Any statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, words such as "may," "will," "should," "estimates," "predicts," "potential," "continue," "strategy," "believes," "anticipates," "plans," "expects," "intends," and similar expressions are intended to identify forward-looking statements. These forward-looking statements, include but are not limited to the Company's ability to close the foregoing transactions and to prepay any existing Term Loan amounts outstanding on the timeline described, with the terms anticipated, or at all and whether the Company remains cash flow positive and profitable on a non-GAAP basis. Actual results could differ materially from those projected in forward-looking statements depending on a variety of factors. These include that the closing of the transactions is subject to closing conditions. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's reports on Forms 10-K and 10-Q, as well as other reports that 8x8 files from time to time with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement, and 8x8 undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.
此新闻发布含有《1995年民事诉讼改革法》和《1934证券交易法》第21E节规定的"前瞻性陈述"。任何不属于历史事实陈述都可能被视为前瞻性陈述。例如,像"可能","将","应","估计","预测","潜在","继续","策略","相信","预计", "打算"和类似词汇的词汇旨在标识前瞻性陈述。除了公司依据信贷协议和基金协议提前偿还所有现有的 Term Loan 金额的时间表,情况预计或根本无法按照预期的方式、或者无法按任何方式实现,公司还将达成这些前瞻性陈述的实际结果因各种因素而异。包括尚未达成交易的交易受到交易批准的影响、资产的重要耗损、产品的生产和市场化外部合同的准时交付或实现、项目的不断变革和扩展、满足某些规定的法院判决、增长率的不断变化、政府贷款拨付的结果是否符合预期、国内和国际市场的因素、以及公司的实际先进技术(或缺乏类型)和其他因素可能导致实际结果与预期结果的差异。公司的报告。基于各种因素的风险和不确定性,会导致实际结果与前瞻性陈述中包含的结果不同。在公司的报告和提交给证券交易委员会的其他报告中,公司介绍了可能导致实际结果发生变化的因素。所有前瞻性陈述都经过这一警告陈述的完整限制,本公司不会公开披露任何前瞻性陈述的所有内容,除非根据法律要求或其他事件的缘由需要公开。
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