<a href="https://laohu8.com/S/LITE">Lumentum Holdings Inc.</a> Announces $1.1 Billion Convertible Notes Offering with Option for Additional $165 Million
Lumentum Holdings Inc. has announced its intention to offer $1.1 billion in aggregate principal amount of convertible senior notes due in 2032. This offering is set to be conducted in a private placement to qualified institutional buyers under Rule 144A of the Securities Act. The notes, which will be senior and unsecured obligations, will have interest payable semi-annually. While the specific interest rate and conversion rate will be determined upon pricing, the notes will be convertible into cash, shares of Lumentum's common stock, or a combination of both, at Lumentum's election. The company plans to use a portion of the net proceeds to pay for capped call transactions, repurchase a portion of its 2026 convertible notes, and for general corporate purposes. Additionally, Lumentum may grant initial purchasers a 13-day option to purchase up to an additional $165.0 million of the notes.
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