Ciena amends $300M ABL credit facility: extends maturity to Sept 2025, switches to SOFR

CIENA CORP

Maturity extended from Oct 2024 to Sept 2025 (Scheduled Maturity Date).
Benchmark rate changed from LIBOR to Term SOFR.
Springing maturity date 30 days prior to 2025 Term Loan maturity unless extended/refinanced.
All other terms of the Credit Agreement remain in full force.
No change to the $300M commitment amount.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CIENA CORP amended First Amendment to ABL Credit Agreement with lenders party thereto and Bank of America, N.A., as administrative agent (effective 2023-02-10).

Action: amendment
Agreement: credit facility
Counterparty: lenders party thereto and Bank of America, N.A., as administrative agent
Effective: 2023-02-10

Exact text from the filing

On February 10, 2023, Ciena, CCI, CGSI and Ciena Canada, as borrowers, and Ciena Communications International, LLC and Blue Planet Software, Inc., as guarantors, entered into a First Amendment to ABL Credit Agreement with the lenders party thereto and the Administrative Agent (the “First Amendment”)

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CIENA CORP filing history →

Source: SEC EDGAR

accession 0001193125-23-040339

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