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The latest announcement is out from 8X8 (EGHT).
8×8, Inc. has successfully paid off its $225 million debt from the 2022 Credit Agreement, using a combination of a new $200 million loan from the 2024 Credit Agreement with Wells Fargo and $29 million of its own cash reserves, effectively managing its financial obligations and streamlining its debt structure. This strategic financial maneuver showcases the company’s proactive approach to its capital management.
Learn more about EGHT stock on TipRanks’ Stock Analysis page.
