debt
confidence high
sentiment neutral
materiality 0.55
Ciena issues $400M of 4.00% senior notes due Jan 31, 2030
CIENA CORP
- $400M aggregate principal of 4.00% senior notes due Jan 31, 2030, interest paid semi-annually.
- Net proceeds of ~$395.5M after discounts and commissions; use for general corporate purposes.
- Unsecured senior obligations, ranked equally with existing senior debt; guaranteed by certain domestic subsidiaries.
- Callable at make-whole premium before Jan 31, 2025; thereafter at specified redemption prices; change-of-control put at 101%.