NYSE:RNGSoftware
RingCentral (RNG) Expands Credit Facility To US$1.24 Billion With Extended Maturities
RingCentral (RNG) recently expanded its credit agreement to $1.24 billion, increasing its financial flexibility and reducing borrowing costs. Over the last quarter, RingCentral's stock price increased by approximately 21%. This period saw key developments such as positive Q2 2025 earnings where the company reported a net income turnaround and announced a share buyback plan of $500 million. The broader market trends were mostly positive, with the tech-heavy Nasdaq hitting record highs. These...