Lumentum Holdings Inc.
Lumentum Holdings Exchanges Convertible Notes for Common Stock
Summary
On April 7, 2026, Lumentum Holdings Inc. announced a private placement exchange of its 0.50% Convertible Senior Notes due 2026 and 1.50% Convertible Senior Notes due 2029 for approximately 5.7 million shares of its common stock. The transaction, expected to close on April 13, 2026, will result in the cancellation of approximately $474.6 million in principal amount of the notes and incremental dilution of approximately 0.6 million shares of common stock. The company will not receive any cash proceeds from the exchange, and the remaining notes will continue with unchanged terms.
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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.
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