secwatch.observer — SEC 8-K summary
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Issuer:     ADTRAN Holdings, Inc. (ADTN)
CIK:        0000926282
Form:       8-K
Filed at:   2025-09-22T23:59:59+00:00
Accession:  0001193125-25-211271
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADTRAN issues $201.25M of 3.75% convertible notes due 2030, enters capped call transactions
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- Issued $201.25M aggregate principal of 3.75% convertible senior notes due Sept 15, 2030; includes full $26.25M greenshoe exercise.
- Initial conversion rate 86.8206 shares per $1,000 note, conversion price ~$11.52/share, subject to anti-dilution adjustments.
- Capped call transactions cost ~$17.6M, cap price ~$15.51/share, designed to reduce potential dilution upon conversion.
- Notes are senior unsecured, interest payable semi-annually; redeemable at company's option from Sept 20, 2028 under conditions.
- Proceeds from the offering were not specified in the filing but typical for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/926282/000119312525211271/0001193125-25-211271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926282/000119312525211271/adtn-20250919.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-211271

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