---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-069350"
form_type: "8-K"
ticker: "LITE"
cik: "0001633978"
company_name: "Lumentum Holdings Inc."
filed_at: "2022-03-08T23:59:59+00:00"
generated_at: "2026-06-27T00:48:06.633700+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lumentum issues $750M 0.50% convertible notes due 2028; concurrent $200M stock buyback

## Summary
- $750M aggregate principal, 0.50% interest, semi-annual, matures June 15, 2028.
- Initial conversion rate 7.6319 shares/$1,000 (conversion price ~$131.03, 32.5% premium over $98.89 close).
- Net proceeds ~$743.2M; ~$200M used for concurrent common stock repurchase, remainder for general corporate purposes.
- Initial purchasers have 13-day option for additional $112.5M; total could reach $854.8M.
- Notes are senior unsecured; redeemable after June 20, 2025 if stock price ≥130% conversion price for 20 of 30 days.

## SEC filing metadata
- accession: 0001193125-22-069350
- form_type: 8-K
- ticker: LITE
- cik: 0001633978
- company_name: Lumentum Holdings Inc.
- filed_at: 2022-03-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1633978/000119312522069350/0001193125-22-069350-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1633978/000119312522069350/d287629d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-069350
- JSON: https://secwatch.observer/filing/0001193125-22-069350.json
- Plain text: https://secwatch.observer/filing/0001193125-22-069350.txt

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