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

Issuer:     CIENA CORP (CIEN)
CIK:        0000936395
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001193125-23-040339
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936395/000119312523040339/0001193125-23-040339-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936395/000119312523040339/d469646d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-040339

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