{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-012175","form_type":"8-K","ticker":"CIEN","cik":"0000936395","company_name":"CIENA CORP","filed_at":"2023-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.652137+00:00","generated_at":"2026-06-20T12:12:44.850947+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Ciena adds $500M term loan with 2030 maturity; proceeds for general corporate purposes","bullets":["Ciena incurred $500M incremental term loan; net proceeds ~$494M after fees and expenses.","Matures Jan 19, 2030; quarterly amortization of 0.25% of principal, balance at maturity.","Interest at SOFR plus 2.50% or base rate plus 1.50%; subject to floors of 0% and 1% respectively.","Proceeds for general corporate purposes; existing $694M term loan remains outstanding."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-012175","json":"https://secwatch.observer/filing/0001193125-23-012175.json","markdown":"https://secwatch.observer/filing/0001193125-23-012175.md","text":"https://secwatch.observer/filing/0001193125-23-012175.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/936395/000119312523012175/0001193125-23-012175-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/936395/000119312523012175/d446448d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T12:12:44.850947+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cd38920082210cd933b521bc9162850d43052c7a","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/936395/000119312523012175/0001193125-23-012175-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$500 million"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent"},{"label":"Rate","value":"SOFR (subject to a floor of 0.00%) plus an applicable margin of 2.50%"},{"label":"Maturity","value":"January 19, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ab823a2da565034e1f9f52364bb902f0e3c41c2c","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/936395/000119312523012175/0001193125-23-012175-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"lenders party thereto and Bank of America, N.A., as administrative agent"},{"label":"Value","value":"$500 million"},{"label":"Effective","value":"2023-01-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}