Lumentum Holdings Inc. entered into privately-negotiated exchange agreements to issue approximately 5.7 million shares of common stock for $474.6 million principal amount of its 2026 and 2029 Convertible Notes.
Key takeaways
Entered Exchange Agreements on April 7, 2026, to deliver ~5.7M common shares for ~$264.8M 2026 Notes and ~$209.8M 2029 Notes.
Transactions expected to close on or about April 13, 2026, resulting in incremental dilution of ~0.6M shares.
Post-closing, ~$63.1M 2026 Notes and ~$84.5M 2029 Notes remain outstanding with unchanged terms.
No cash proceeds received; exchanged Notes will be cancelled.
Shares issued under Section 4(a)(2) exemption to accredited investors and qualified institutional buyers.