Market Overview

Ciena 8-K Shows Company Issued ~8.9M Shares Of Stock Due To Conversions

Related CIEN
Benzinga's Top Upgrades, Downgrades For December 8, 2017
The Market In 5 Minutes: Bitcoin's New High, Strong Payroll Numbers, Brexit Update
Piper Jaffray downgrades Ciena (Seeking Alpha)

"On March 15, 2015, the outstanding 4.0% Convertible Senior Notes due 2015 (the "2015 Notes") of Ciena Corporation (the "Company") matured. As a result of conversion elections made by holders of a substantial majority of the outstanding 2015 Notes under the terms of the indenture, together with certain private exchange transactions conducted by the Company, approximately $180.6 million in aggregate principal amount of 2015 Notes, representing 96.3% of the outstanding 2015 Notes, was settled through the issuance of common stock of the Company. In total, the Company issued approximately 8.9 million shares of its common stock as a result of conversions and exchanges in respect of the 2015 Notes. Approximately $6.9 million in aggregate principal amount of 2015 Notes was repaid by the Company at maturity."

Posted-In: News


Related Articles (CIEN)

View Comments and Join the Discussion!

Partner Center