Welcome to our dedicated page for Ribbon Communications news (Ticker: RBBN), a resource for investors and traders seeking the latest updates and insights on Ribbon Communications stock.
Ribbon Communications Inc. (Nasdaq: RBBN) delivers secure real-time communications technology and IP optical networking solutions for global service providers and enterprises. This news hub provides investors and industry professionals with essential updates on strategic developments, financial performance, and technological innovations.
Access curated press releases and analysis covering earnings announcements, product launches, network modernization initiatives, and partnership agreements. Our repository simplifies tracking of RBBN's progress in cloud-native solutions, 5G infrastructure support, and secure enterprise communications systems.
Key updates include developments in both operational segments: Cloud & Edge solutions for VoIP and real-time applications, and IP Optical Networks advancements supporting high-capacity data transport. Stay informed about regulatory filings, leadership changes, and technology patents that impact RBBN's market position.
Bookmark this page for streamlined access to verified information about Ribbon's network security enhancements, customer deployments, and industry conference participation. Check regularly for objective reporting on developments affecting telecom infrastructure modernization and enterprise communication solutions.
Ribbon Communications (Nasdaq: RBBN) announced the closure of a new $385 million senior secured credit facility, including a $350 million term loan and a $35 million revolving credit facility. The proceeds will be used to repay existing debt, redeem Series A Preferred Stock, and cover related fees and expenses, with remaining funds allocated for working capital and general corporate purposes. The loans, maturing on June 21, 2029, will bear interest at SOFR plus 6.25%, adjustable based on net leverage. HPS Investment Partners and WhiteHorse Capital led the arrangement.
The company has issued a full redemption notice for its Series A Preferred Stock, effective June 25, 2024. CFO Mick Lopez expressed confidence in the new capital structure to support profitable growth and flexibility for future opportunities.
Ribbon Communications Inc. and SURF have successfully achieved 800G over an 1,650 km fiber optic link, enabling data-intensive research between research institutes and the Large Hadron Collider. The trial showcased Ribbon's advanced transport solutions, including the Apollo TM800_2 and NPT 2400 metro router.
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