secwatch.observer — SEC 8-K summary
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Issuer:     Lumentum Holdings Inc. (LITE)
CIK:        0001633978
Form:       8-K
Filed at:   2025-09-08T23:59:59+00:00
Accession:  0001193125-25-198329
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633978/000119312525198329/0001193125-25-198329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633978/000119312525198329/d863090d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-198329

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