Lumentum Holdings Inc. (LITE): debt financing — 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 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Lumentum Holdings Inc. incurred convertible notes of $1.265 billion with U.S. Bank Trust Company, National Association at 0.375% maturing March 15, 2032.

Instrument: convertible notes
Principal: $1.265 billion
Counterparty: U.S. Bank Trust Company, National Association
Rate: 0.375%
Maturity: March 15, 2032
Event: incurrence

Exact text from the filing

On September 8, 2025, Lumentum Holdings Inc. (the “Company”) issued $1.265 billion in aggregate principal amount of its 0.375% Convertible Senior Notes due 2032 (the “Notes”) pursuant to an indenture (the “Indenture”), dated September 8, 2025, by and between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).

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Lumentum Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-198329

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