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CIENA CORP 8-K Report, Corporate Update (Jun 22, 2016)

Reports
Other Events
Filing Date
Filed June 22, 2016
Period End
June 21, 2016
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. Leadership change8-K · Aug ’17Aug ’17
  2. Leadership change8-K · Aug ’19Aug ’19
  3. Material agreement8-K · Jan ’22Jan ’22
  4. Material agreement8-K · Jun ’26Jun ’26

01—Abstract

Summary

Summary of the 8-K filed June 22, 2016. Cited figures are marked; the original filing is the authoritative source.

CIENA CORP (CIEN) filed an 8-K on June 22, 2016, to report a significant transaction involving its outstanding convertible senior notes.

On June 21, 2016, the company repurchased approximately $29.5 milliona in aggregate principal amount of its 0.875% Convertible Senior Notes due 2017. This repurchase was conducted in a private transaction for a total cost of approximately $29.5 million, which included accrued interest. This action effectively reduces the principal amount of outstanding debt related to these specific notes.

Following the repurchase, $450,465,000b in aggregate principal amount of the 2017 Notes still remain outstanding. Investors should note this debt management activity as it impacts the company's capital structure and future interest obligations.

02—Key points

Key Highlights

  1. Ciena Corporation repurchased $29.5 million in aggregate principal amount of its 0.875% Convertible Senior Notes due 2017.
  2. The repurchase occurred on June 21, 2016, in a private transaction.
  3. The aggregate purchase price was approximately $29.5 million, including accrued interest.
  4. This action reduces the outstanding principal of the 2017 Notes.
  5. Following the repurchase, $450,465,000 in aggregate principal amount of the 2017 Notes remain outstanding.

03—Questions

Frequently Asked Questions

  1. What specific debt instrument did Ciena repurchase?

    Ciena repurchased its 0.875% Convertible Senior Notes due 2017.

  2. What was the principal amount of notes repurchased?

    Ciena repurchased approximately $29.5 million in aggregate principal amount of these notes.

  3. What was the total cost of the repurchase?

    The aggregate purchase price was approximately $29.5 million, inclusive of accrued interest.

  4. How much of the 2017 Notes are still outstanding after this repurchase?

    Following the transaction, $450,465,000 in aggregate principal amount of the 2017 Notes remain outstanding.

04—Continue

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