---
schema_version: "secwatch.filing_event.v1"
accession: "0001138639-23-000135"
form_type: "8-K"
ticker: null
cik: "0001138639"
company_name: "Infinera Corp"
filed_at: "2023-06-16T23:59:59+00:00"
generated_at: "2026-06-13T22:20:13.420674+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Infinera repurchases $83.9M of 2024 notes, issues $100M additional 2028 notes

## Summary
- Repurchased $83.9M principal of 2.125% Convertible Senior Notes due 2024; $18.7M remain outstanding.
- Issued $100M additional principal of 3.75% Convertible Senior Notes due 2028; net proceeds ~$12.5M after costs.
- Additional notes are fungible with existing $373.75M 2028 notes; same 3.75% coupon, maturity August 2028.
- Net proceeds to be used for general corporate purposes, including working capital and strategic projects.

## SEC filing metadata
- accession: 0001138639-23-000135
- form_type: 8-K
- cik: 0001138639
- company_name: Infinera Corp
- filed_at: 2023-06-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1138639/000113863923000135/0001138639-23-000135-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1138639/000113863923000135/infn-20230616.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001138639-23-000135
- JSON: https://secwatch.observer/filing/0001138639-23-000135.json
- Plain text: https://secwatch.observer/filing/0001138639-23-000135.txt

## Key facts
- Debt Financings
  Infinera Corp incurred convertible notes of $100.0 million in additional aggregate principal amount with qualified investors at 3.75% per year maturing August 1, 2028.
  - Instrument: convertible notes
  - Principal: $100.0 million in additional aggregate principal amount
  - Counterparty: qualified investors
  - Rate: 3.75% per year
  - Maturity: August 1, 2028
  - Event: incurrence
  source text: On June 16, 2023, Infinera Corporation (the “Company”) consummated its previously announced, privately negotiated transactions with certain qualified investors to (i) repurchase $83.9 million in aggregate principal amount of its 2.125% Convertible Senior Notes due 2024 (the “repurchased 2024 notes”) and (ii) issue $100.0 million in additional aggregate principal amount of its currently outstanding 3.75% Convertible Senior Notes due 2028 (the “additional notes”) in a private placement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1138639/000113863923000135/0001138639-23-000135-index.htm
- Debt Financings
  Infinera Corp incurred convertible notes of $83.9 million in aggregate principal amount with qualified investors at 2.125% maturing 2024.
  - Instrument: convertible notes
  - Principal: $83.9 million in aggregate principal amount
  - Counterparty: qualified investors
  - Rate: 2.125%
  - Maturity: 2024
  - Event: incurrence
  source text: On June 16, 2023, Infinera Corporation (the “Company”) consummated its previously announced, privately negotiated transactions with certain qualified investors to (i) repurchase $83.9 million in aggregate principal amount of its 2.125% Convertible Senior Notes due 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1138639/000113863923000135/0001138639-23-000135-index.htm
- Material Agreements
  Infinera Corp entered into Indenture with U.S. Bank Trust Company, National Association valued at $100.0 million (effective 2023-06-16).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $100.0 million
  - Effective: 2023-06-16
  source text: The additional notes were issued under an indenture dated as of August 8, 2022 (the “Indenture”), by and between the Company and U.S.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1138639/000113863923000135/0001138639-23-000135-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.