secwatch.observer — SEC 8-K summary
======================================

Issuer:     CIENA CORP (CIEN)
CIK:        0000936395
Form:       8-K
Filed at:   2023-01-23T23:59:59+00:00
Accession:  0001193125-23-012175
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ciena adds $500M term loan with 2030 maturity; proceeds for general corporate purposes
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936395/000119312523012175/0001193125-23-012175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936395/000119312523012175/d446448d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-012175

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