Lumentum Holdings Inc. Issues $1.265 Billion Convertible Notes

Details

issued $1.265 billion in aggregate principal amount of its 0.375% Convertible Senior Notes due 2032. The Notes are convertible into cash, shares of common stock, or a combination thereof. The Company may redeem the Notes on or after March 20, 2029, and holders may require the Company to repurchase the Notes upon the occurrence of a fundamental change. The Company used a portion of the net proceeds to repurchase its 0.50% Convertible Senior Notes due 2026 and intends to use the remaining net proceeds for general corporate purposes.

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About Lumentum Holdings Inc.

Lumentum Holdings Inc. is a leading designer and manufacturer of optical and photonic products serving diverse sectors such as telecommunications, data communications, and industrial applications. The company's core offerings include cutting-edge components and modules like optical transceivers, amplifiers, and active components which facilitate the transmission of data over fiber optic networks. Additionally, Lumentum develops industrial lasers that are critical in material processing and precision manufacturing industries. Their advanced laser products are employed in various applications from semiconductor fabrication to automotive manufacturing. Established as a spin-off from JDS Uniphase Corporation in 2015, Lumentum has been instrumental in propelling the transition to high-speed data networks and supporting the backbone of modern communication infrastructures. Its innovations play a critical role in enhancing network efficiency, bandwidth, and overall optical performance, positioning the company as a vital player in the ongoing evolution of global telecommunications and industrial technologies.