Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CIENA CORP incurred term loan of $500 million with Bank of America, N.A., as administrative agent at SOFR (subject to a floor of 0.00%) plus an applicable margin of 2.50% maturing January 19, 2030.
- Instrument
- term loan
- Principal
- $500 million
- Counterparty
- Bank of America, N.A., as administrative agent
- Rate
- SOFR (subject to a floor of 0.00%) plus an applicable margin of 2.50%
- Maturity
- January 19, 2030
- Event
- incurrence
Exact text from the filing
On January 19, 2023 (the “Closing Date”), Ciena, as borrower, and Ciena Communications, Inc., Ciena Government Solutions, Inc., Ciena Communications International, LLC and Blue Planet Software, Inc., as guarantors, entered into an Incremental Joinder and Amendment Agreement to the Credit Agreement with the lenders party thereto and the Administrative Agent (the “Incremental Agreement”), pursuant to which Ciena incurred a new tranche of senior secured term loans in an aggregate principal amount of $500 million (the “Incremental Term Loan”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CIENA CORP amended Incremental Joinder and Amendment Agreement with lenders party thereto and Bank of America, N.A., as administrative agent valued at $500 million (effective 2023-01-19).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- lenders party thereto and Bank of America, N.A., as administrative agent
- Value
- $500 million
- Effective
- 2023-01-19
Exact text from the filing
On January 19, 2023 (the “Closing Date”), Ciena, as borrower, and Ciena Communications, Inc., Ciena Government Solutions, Inc., Ciena Communications International, LLC and Blue Planet Software, Inc., as guarantors, entered into an Incremental Joinder and Amendment Agreement to the Credit Agreement with the lenders party thereto and the Administrative Agent (the “Incremental Agreement”), pursuant to which Ciena incurred a new tranche of senior secured term loans in an aggregate principal amount of $500 million (the “Incremental Term Loan”).
View on SEC.gov