Ciena Corporation (NYSE:CIEN) Files An 8-K Other Events
Item8.01. Other Events
On June30, 2017, Ciena Corporation issued a press release
announcing that it is offering to exchange its currently
outstanding 3.75% Convertible Senior Notes due 2018 (the Old
Notes) for a new series of 3.75% Convertible Senior Notes due
2017 (the New Notes) and an exchange fee of $2.50 per $1,000
original principal amount of New Notes (the Exchange Offer). The
New Notes give Ciena the option, at its election, to settle
conversions of such notes for cash, shares of its common stock,
or a combination of cash and shares. Except with respect to the
additional cash settlement options upon conversion, the New Notes
will be issued on substantially the same terms as the Old Notes.
A copy of the press release is filed as Exhibit 99.1 to this
Current Report on Form 8-K and incorporated herein by reference.
Also attached as Exhibit 99.2 to this Current Report on Form 8-K
is a notice to investors, dated June30, 2017, regarding the
Exchange Offer.
Item9.01. Financial Statements and Exhibits.
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| 99.1 | Press Release of Ciena Corporation dated June30, 2017 | |
| 99.2 | Notice to Investors dated June30, 2017 |
CIENA CORP ExhibitEX-99.1 2 d420838dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Press Contact: Nicole Anderson Ciena Corporation +1 (877) 857-7377 pr@ciena.com Investor Contact: Gregg Lampf Ciena Corporation +1 (877) 243-6273 ir@ciena.com Ciena Commences Exchange Offer for its 2018 Convertible Notes to Add Cash Settlement Conversion Options Seeks ability to manage dilutive impact of convertible debt on stockholders HANOVER,…To view the full exhibit click here About Ciena Corporation (NYSE:CIEN)
Ciena Corporation is a network specialist that focuses on providing communications networking solutions. The Company operates through four segments: Converged Packet Optical, Packet Networking, Optical Transport, and Software and Services. Its Converged Packet Optical portfolio includes networking solutions optimized for the convergence of coherent optical transport, optical transport network (OTN) switching and packet switching. Its Optical Transport products include stand-alone wavelength-division multiplexing (WDM) and synchronous optical networking/synchronous digital hierarchy (SONET/SDH)-based optical transport solutions. Its Packet Networking portfolio includes 8700 Packetwave platform, a multi-terabit packet switching platform for high-density metro networks and inter-data center wide area networks. Its software business consists of the development and licensing of element and network management software, and software-related services that support its hardware offerings.