Lumentum enters $400M senior secured revolving credit facility maturing 2030

Lumentum Holdings Inc.

Facility includes $23M letter of credit sublimit; no amounts outstanding as of December 19, 2025.
Interest rates: Base rate +0.50%-1.50% or Term SOFR +1.50%-2.50%, based on secured net leverage ratio.
Financial covenants: secured net leverage ≤ 3.25x (step-up to 3.75x for acquisitions) and interest coverage ≥ 3.00x.
Obligations secured by substantially all assets of Lumentum and material domestic subsidiaries.
Proceeds may be used for working capital and general corporate purposes; commitments expire December 19, 2030.

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 revolving credit of $400.0 million with Wells Fargo Bank, National Association (as administrative agent) at base rate plus an applicable margin ranging from 0.50% to 1.50%, or a term SOFR maturing December 19, 2030.

Instrument: revolving credit
Principal: $400.0 million
Counterparty: Wells Fargo Bank, National Association (as administrative agent)
Rate: base rate plus an applicable margin ranging from 0.50% to 1.50%, or a term SOFR
Maturity: December 19, 2030
Event: incurrence

Exact text from the filing

The Credit Agreement provides for a senior secured revolving credit facility in an aggregate principal amount of $400.0 million, including a $23.0 million sublimit for the issuance of letters of credit.

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Source: SEC EDGAR

accession 0001193125-25-328691

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