(NASDAQ:LITE) SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (“Lumentum”) (NASDAQ: LITE) today announced the pricing of $1.1 billion aggregate principal amount of convertible senior notes due 2032 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”). Lumentum granted the initial purchasers of the notes a 13-day option to purchase up to an additional $165.0 million aggregate principal amount of the note
Related Questions
How will the $1.1 billion convertible note issuance and potential $165 million additional tranche affect Lumentum’s leverage ratios and credit metrics?
What are the conversion terms (conversion price, ratio, and maturity) and how might they dilute existing shareholders if converted?
How does this financing compare to recent debt or equity offerings by peer companies in the photonics/laser sector in terms of cost, structure, and market reception?