Financing ·
Ciena Corporation closed a $2.875 billion private offering of 0.00% Convertible Senior Notes due 2031, generating net…
CIENCiena Corp
Ciena Corporation closed a $2.875 billion private offering of 0.00% Convertible Senior Notes due 2031, generating net proceeds of approximately $2.72 billion. The company used $1.14 billion to repay its senior secured term loan and $140 million to repurchase 0.3 million shares of common stock. Remaining proceeds will be used for general corporate purposes and supply chain capacity investments. Ciena Corporation is a technology company that provides networking and optical communications equipment and services.