secwatch.observer — SEC 8-K summary
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Issuer:     CIENA CORP (CIEN)
CIK:        0000936395
Form:       8-K
Filed at:   2025-01-21T23:59:59+00:00
Accession:  0001193125-25-009588
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936395/000119312525009588/0001193125-25-009588-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936395/000119312525009588/d890469d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-009588

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