Lumentum Launches $1.1B Private Notes Placement

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.