Bandwidth Inc. Repurchases Convertible Senior Notes

Bandwidth Inc. announced the repurchase of approximately $20.8 million in aggregate principal amount of its 0.50% Convertible Senior Notes due 2028. The repurchases were conducted through open-market transactions at a discount to par value and were paid for in cash. Capped call transactions previously entered into with financial institutions are expected to remain in effect. Following these repurchases, the outstanding aggregate principal amount of the Notes will be approximately $6.7 million, reduced from an initial issuance of $250 million.