Lumentum Holdings Inc. Enters into a $400 Million Credit Agreement

Details

entered into a credit agreement for a senior secured revolving credit facility in the aggregate principal amount of $400 million, providing the company with additional funding for working capital and general corporate purposes. The agreement includes financial covenants and events of default that, if triggered, could accelerate the company's obligations under the agreement.

Items reported

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.