AI English summary of an SEC filing — figures as filed
Lumentum LITEOn September 8, 2025, the company issued $1.265 billion aggregate principal amount of 0.375% Convertible Senior Notes due 2032, maturing on March 15, 2032. Interest accrues at 0.375% per year and is payable semi-annually in arrears beginning on March 15, 2026.
Key points
AI summaryOn September 8, 2025, the company issued $1.265 billion aggregate principal amount of 0.375% Convertible Senior Notes due 2032, maturing on March 15, 2032. Interest accrues at 0.375% per year and is payable semi-annually in arrears beginning on March 15, 2026.
The company said the initial conversion rate is 5.3257 shares of common stock per $1,000 principal amount (equivalent to an initial conversion price of approximately $187.77 per share). Upon conversion, the company will pay cash up to the aggregate principal amount and pay or deliver cash, shares or a combination thereof, at its election, for any excess.
The company said net proceeds from the offering were approximately $1.25 billion. It used approximately $88.7 million of the net proceeds to pay the cost of the capped call transactions and approximately $843.8 million to repurchase approximately $581.1 million aggregate principal amount of its 0.50% Convertible Senior Notes due 2026, including accrued and unpaid interest, concurrently with the pricing of the offering.
On September 3, 2025 and 4, the company entered into capped call transactions with Citibank, N.A., Goldman Sachs & Co. LLC and other counterparties. The company said the transactions are expected to reduce potential dilution to common stock upon any conversion of the notes and offset any cash payments the company would be required to make in excess of the principal amount of converted notes, subject to a cap. The initial cap price of the capped call transactions is $268.24 per share.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Issuance of $1.265 billion aggregate principal amount of 0.375% senior convertible notes
On September 8, 2025, the company issued $1.265 billion aggregate principal amount of 0.375% Convertible Senior Notes due 2032, maturing on March 15, 2032. Interest accrues at 0.375% per year and is payable semi-annually in arrears beginning on March 15, 2026.
Source · Based on the filing body and exhibits
Initial conversion price of approximately $187.77 per share and cash-and-stock settlement method
The company said the initial conversion rate is 5.3257 shares of common stock per $1,000 principal amount (equivalent to an initial conversion price of approximately $187.77 per share). Upon conversion, the company will pay cash up to the aggregate principal amount and pay or deliver cash, shares or a combination thereof, at its election, for any excess.
Source · Based on the filing body and exhibits
Use of approximately $1.25 billion in net proceeds
The company said net proceeds from the offering were approximately $1.25 billion. It used approximately $88.7 million of the net proceeds to pay the cost of the capped call transactions and approximately $843.8 million to repurchase approximately $581.1 million aggregate principal amount of its 0.50% Convertible Senior Notes due 2026, including accrued and unpaid interest, concurrently with the pricing of the offering.
Source · Based on the filing body and exhibits
Capped call transactions entered into with cap price of $268.24 per share
On September 3, 2025 and 4, the company entered into capped call transactions with Citibank, N.A., Goldman Sachs & Co. LLC and other counterparties. The company said the transactions are expected to reduce potential dilution to common stock upon any conversion of the notes and offset any cash payments the company would be required to make in excess of the principal amount of converted notes, subject to a cap. The initial cap price of the capped call transactions is $268.24 per share.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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