Latham & Watkins Advises Bandwidth in US$275 Million Convertible Senior Notes Offering

Bandwidth Inc. (Nasdaq: BAND), a leading global cloud communications company, has announced the pricing of US$275 million aggregate principal amount of 0% Convertible Senior Notes due 2032 (the notes) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. In addition, Bandwidth has granted the initial purchasers of the notes a 13-day option to purchase up to an additional US$41.25 million aggregate principal amount of the notes solely to cover over-allotments. The sale of the notes to the initial purchasers is expected to settle on June 18, 2026, subject to customary closing conditions.

Latham & Watkins LLP advised Bandwidth in the transaction with a corporate team led by New York partner Michael Benjamin, Los Angeles/New York partner Greg Rodgers, Chicago partner Scott Westhoff, and New York partner Andrew Blumenthal, with associates Andrew Bentz, Joshua Harriott, and Justin Deuell, with assistance from Jackson Davenport. Advice was also provided on tax matters by New York partner Aaron Bernstein, with associates Alice Chen and Ai Ni Lim; and on derivatives matters by New York partner Catherine Lee, with associates Daniel Weiss and Adam Zhang.