Lumentum Holdings Announces Private Share Exchange Transaction for $650.4 Million Convertible Notes
Lumentum Holdings (NASDAQ:LITE) announced a private share exchange transaction involving approximately $650.4 million of its convertible senior notes due in 2028, to be exchanged for roughly 5 million shares of common stock. The deal will result in modest additional dilution and no cash inflow but will reduce outstanding debt by the same amount.
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