Summary
Ciena Corporation (CIEN) filed an 8-K on April 10, 2006, primarily to report the execution of an Indenture with The Bank of New York, as trustee. This indenture formalizes the terms for Ciena's 0.25% Convertible Senior Notes due 2013, of which $300 million in aggregate principal amount were issued in a public offering. The offering of these convertible notes, initially disclosed on April 5, 2006, was conducted under Ciena's existing Form S-3 registration statement and related prospectus supplement. The filing of this indenture serves to complete the disclosure requirements related to this significant debt issuance, which provides Ciena with capital while offering investors the potential for equity upside through the conversion feature.
Key Highlights
- 1Ciena Corporation executed an Indenture with The Bank of New York, as trustee, on April 10, 2006.
- 2The Indenture governs Ciena's 0.25% Convertible Senior Notes due 2013.
- 3$300,000,000 aggregate principal amount of these Notes were issued in a public offering.
- 4The Notes were issued pursuant to an Underwriting Agreement dated April 4, 2006.
- 5The offering utilized Ciena's Form S-3 registration statement and a prospectus supplement filed on April 5, 2006.
- 6The Indenture document is filed as an exhibit to this 8-K report.
- 7This filing provides formal documentation for a material definitive agreement related to a significant debt issuance.
Frequently Asked Questions
The main purpose of this 8-K filing is to report the execution of the Indenture governing Ciena Corporation's 0.25% Convertible Senior Notes due 2013, which were issued in a public offering.
Ciena issued $300,000,000 in aggregate principal amount of its 0.25% Convertible Senior Notes due 2013.
The Notes were issued pursuant to an Underwriting Agreement entered into on April 4, 2006, and the offering was disclosed in a previous Form 8-K filed on April 5, 2006.
The Indenture is a critical legal document that outlines the terms and conditions of the Notes, including interest rate, maturity date, conversion rights, and other covenants. Filing it provides investors with the full details of the debt agreement.