Lumentum said it entered into separate privately negotiated exchange agreements with certain holders of its convertible notes on April 7, 2026, under which it will deliver about 5.7 million shares of common stock in exchange for the notes.

1. 01

   Lumentum said it entered into separate privately negotiated exchange agreements with certain holders of its convertible notes on April 7, 2026, under which it will deliver about 5.7 million shares of common stock in exchange for the notes.

2. 02

   The company said the exchange covers about $264.8 million in principal of its 0.50% Convertible Senior Notes due 2026 and about $209.8 million in principal of its 1.50% Convertible Senior Notes due 2029, and includes conversion value in excess of principal.

3. 03

   The company said the exchange transactions are expected to close on or about April 13, 2026. After closing, about $63.1 million of the 2026 Notes and about $84.5 million of the 2029 Notes will remain outstanding, with terms unchanged.

4. 04

   The company said it will receive no cash proceeds from the exchange transactions and will receive and cancel the exchanged notes. It said the shares are being issued in a private placement under the exemption from registration in Section 4(a)(2) of the Securities Act.

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