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8×8 Amends Term Loan Agreement for Flexibility

Story Highlights
  • 8×8, Inc. amended its Term Loan Credit Agreement to enhance financial flexibility.
  • The company reduced its term loan principal by $219 million, with no mandatory payments until June 2026.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
8×8 Amends Term Loan Agreement for Flexibility

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8X8 ( (EGHT) ) just unveiled an update.

On July 29, 2025, 8×8, Inc. amended its existing Term Loan Credit Agreement with Wells Fargo Bank and other lenders to enhance financial flexibility for future acquisitions and maintain its current leverage ratio. The company has reduced its term loan principal by approximately $219 million since August 2022, including recent prepayments, leaving an outstanding balance of $127 million. The amendment supports 8×8’s long-term growth and investor return strategies, allowing for voluntary prepayments without penalties and no mandatory payments due until June 2026.

The most recent analyst rating on (EGHT) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on 8X8 stock, see the EGHT Stock Forecast page.

Spark’s Take on EGHT Stock

According to Spark, TipRanks’ AI Analyst, EGHT is a Neutral.

8X8’s stock score is primarily influenced by its potential for financial recovery and positive earnings call guidance, highlighting future growth prospects. However, profitability challenges and a high debt load temper the overall outlook. Technical indicators and corporate governance improvements provide support, yet valuation concerns remain due to a negative P/E ratio.

To see Spark’s full report on EGHT stock, click here.

More about 8X8

Average Trading Volume: 1,233,193

Technical Sentiment Signal: Strong Sell

Current Market Cap: $252.6M

Find detailed analytics on EGHT stock on TipRanks’ Stock Analysis page.

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