- Lumentum Holdings (NASDAQ:LITE) has priced its private placement of $900M of 0.50% convertible senior unsecured notes due December 15, 2026 with an initial purchaser option of an additional $150M of the notes.
- Closing date is December 12 and is expected to result in ~$892.5M in net proceeds.
- The notes bearing interest at a rate of 0.50% per year will be payable semi-annually in arrears on June 15 and December 15 of each year, beginning on June 15, 2020.
- The initial conversion rate for the notes is 10.0711 shares of Lumentum common stock per $1,000 principal amount of notes.
- Previously: Lumentum Holdings announces $850M convertible notes offering (Dec. 9)