Ciena refinances $1.16B term loan with new 2025 Term Loan due 2030

CIENA CORP

Refinanced $1.16B Existing Term Loan with new $1.16B 2025 Term Loan due Oct 24, 2030.
New loan bears interest at SOFR+1.75% or base rate+0.75%, same as prior loan.
Proceeds used to fully repay existing loan, accrued interest, and transaction fees.
Quarterly amortization of 0.25% of principal; balance due at maturity.
Terms are substantially identical to the refinanced loan; no change in total debt.

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