secwatch.observer — SEC 8-K summary
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Issuer:     Lumentum Holdings Inc. (LITE)
CIK:        0001633978
Form:       8-K
Filed at:   2025-12-22T23:59:59+00:00
Accession:  0001193125-25-328691
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633978/000119312525328691/0001193125-25-328691-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633978/000119312525328691/d38670d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-328691

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