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Subsequent Events
12 Months Ended
Dec. 31, 2024
Subsequent Events [Abstract]  
Subsequent Events
17. Subsequent Events
Repurchase of 2026 Convertible Notes
On February 19, 2025, the Company entered into separate, privately negotiated repurchase agreements with a limited number of holders of its 0.250% Convertible Senior Notes due 2026 (the “Repurchases”) to repurchase approximately $27.4 million aggregate principal amount of the Notes for approximately $26.1 million, excluding customary transaction fees.
The repurchase price payable by Bandwidth will be paid in cash.
The Company has previously entered into capped call transactions with certain financial institutions in connection with the Notes. All of these transactions are expected to remain in effect notwithstanding the Repurchases.
The Repurchases are expected to close on February 24, 2025, subject to the satisfaction of customary closing conditions. Following such closings, approximately $7.6 million principal amount of the Notes will remain outstanding.