secwatch.observer — SEC 8-K summary
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Issuer:     Infinera Corp (—)
CIK:        0001138639
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001138639-23-000135
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1138639/000113863923000135/0001138639-23-000135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1138639/000113863923000135/infn-20230616.htm
  HTML page:      https://secwatch.observer/filing/0001138639-23-000135

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