Lumentum announced plans to raise $1.1 billion through a private placement of convertible senior notes due 2032, with an option for an additional $165 million. The financing, notable for its size, will be used in part to repurchase existing 2026 notes and fund capped call transactions, with remaining proceeds earmarked for general corporate purposes, including potential acquisitions.
Corporate Strategies 1 min read
Lumentum Launches $1.1B Private Notes Placement

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Jim Carroll
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Every article published by Converge Digest is researched, curated, fact-checked and editorially reviewed by Jim Carroll, Editor & Publisher. AI-assisted drafting may be used to accelerate production, but all content is reviewed, refined and approved prior to publication.