Lumentum issues $1.265B 0.375% convertible notes due 2032, repurchases $581M of 2026 notes

Lumentum Holdings Inc.

Issued $1.265B aggregate principal of 0.375% Convertible Senior Notes due 2032; net proceeds ~$1.25B.
Used $843.8M to repurchase $581.1M aggregate principal of existing 0.50% 2026 notes (incl. accrued interest).
Used $88.7M for capped call transactions; cap price initially $268.24/share to reduce dilution.
Initial conversion rate 5.3257 shares/$1,000, conversion price ~$187.77 (40% premium over $134.12 stock price).
Remaining net proceeds for general corporate purposes, including potential acquisitions.

item 1.01item 2.03item 3.02item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.