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CIENA CORP 8-K Report, Material Agreement (Jun 12, 2007)

Reports
Material Agreements·Exhibits & Filings
Filing Date
Filed June 12, 2007
Period End
June 11, 2007
Security
CIEN
In the record · 2016–202610-K1010-Q338-K105

CIEN filed 10 annual reports (10-K), 33 quarterly reports (10-Q) and 105 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Apr ’16Apr ’16
  2. FY2018 annual report10-K · Dec ’18Dec ’18
  3. Leadership change8-K · Apr ’21Apr ’21
  4. Leadership change8-K · Jun ’25Jun ’25

01—Abstract

Summary

Summary of the 8-K filed June 12, 2007. Cited figures are marked; the original filing is the authoritative source.

CIENA CORP (CIEN) filed an 8-K on June 12, 2007, to report the execution of an Indenture related to its 0.875%a Convertible Senior Notes due 2017.

The company issued $500,000,000b in aggregate principal amount of these notes through a public offering. The offering was registered with the SEC, and details about the notes and the indenture are available in a prospectus supplement filed on June 6, 2007. This filing is significant for investors as it details a substantial debt issuance that impacts the company's capital structure.

The convertible nature of the notes suggests a potential for equity dilution if converted, and the interest rate indicates the cost of this debt financing. Investors should review the terms of the Indenture and the Prospectus Supplement for a full understanding of the obligations and potential implications.

02—Key points

Key Highlights

  1. Ciena Corporation entered into an Indenture with The Bank of New York (as trustee) on June 11, 2007.
  2. The Indenture governs Ciena's 0.875% Convertible Senior Notes due 2017.
  3. Ciena issued $500,000,000 in aggregate principal amount of these convertible notes.
  4. The notes were issued via a public offering under an Underwriting Agreement dated June 5, 2007.
  5. The offering was registered with the SEC, with a Form S-3 and prospectus supplement filed.
  6. The filing provides details on a material definitive agreement, specifically a debt issuance.
  7. The indenture document itself is filed as an exhibit to this 8-K.

03—Questions

Frequently Asked Questions

  1. What is the primary purpose of this 8-K filing?

    The primary purpose of this 8-K filing is to report the entry into a material definitive agreement by Ciena Corporation, specifically the Indenture related to its newly issued $500 million in 0.875% Convertible Senior Notes due 2017.

  2. What are the key financial implications of this note issuance for Ciena?

    The issuance of $500 million in convertible senior notes represents a significant increase in Ciena's debt. This impacts its capital structure, increases interest expense by 0.875% annually on the principal amount, and introduces potential future equity dilution if bondholders choose to convert their notes into common stock.

  3. Where can investors find more detailed information about these notes and the Indenture?

    Investors can find more detailed information in the Prospectus Supplement filed on June 6, 2007, and the Indenture itself, which is filed as Exhibit 4.07 to this 8-K report. These documents outline the terms, conditions, covenants, and conversion features of the notes.

  4. What is the maturity date for these convertible senior notes?

    The notes are due in 2017, meaning they mature on June 11, 2017.

04—Continue

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