secwatch.observer — SEC 8-K summary
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Issuer:     Lumentum Holdings Inc. (LITE)
CIK:        0001633978
Form:       8-K
Filed at:   2022-03-08T23:59:59+00:00
Accession:  0001193125-22-069350
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633978/000119312522069350/0001193125-22-069350-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633978/000119312522069350/d287629d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-069350

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer