Lumentum Holdings Inc.
Lumentum Holdings Exchanges Common Stock for Convertible Senior Notes
Summary
On May 29, 2026, Lumentum Holdings Inc. announced the exchange of approximately 5.0 million shares of its common stock for $650.4 million principal amount of its 0.50% Convertible Senior Notes due 2028. This transaction, expected to close on or about June 4, 2026, will result in incremental dilution of approximately 0.8 million shares of common stock. The exchange is being conducted as a private placement and will not involve any cash proceeds for the company. Following the exchange, approximately $172.2 million in aggregate principal amount of Notes will remain outstanding with terms unchanged.
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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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