8x8 Gets $200 Million Term Loan-February 2024-www.financetom.com

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8x8 Gets $200 Million Term Loan

Jul 15, 2024 1:46 PM

04:24 PM EDT, 07/15/2024 (MT Newswires) -- 8x8 (EGHT) said Monday it obtained a $200 million delayed-draw term loan.

Proceeds from the loan plus $25 million from cash balances will be used to fund the prepayment of $225 million outstanding under a loan maturing Aug. 3, 2027, the company said.

The initial funding of loans under the credit agreement is expected in August, 8x8 said.

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