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CIENA CORP 8-K Report, Corporate Update (Jan 12, 2022)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed January 12, 2022
Period End
January 11, 2022
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. Leadership change8-K · Jun ’18Jun ’18
  3. Leadership change8-K · Jul ’20Jul ’20
  4. Material agreement8-K · Jun ’26Jun ’26

01—Abstract

Summary

Summary of the 8-K filed January 12, 2022. Cited figures are marked; the original filing is the authoritative source.

Ciena Corporation (CIEN) announced on January 11, 2022, the pricing of a $400 milliona offering of 4.00% senior notes due 2030.

This offering is a key event for investors as it provides an update on the company's financing activities and capital structure. The closing of this offering is anticipated around January 18, 2022, subject to standard closing conditions, indicating a near-term execution of this debt financing. The senior notes will be guaranteed by certain of Ciena's domestic subsidiaries on a senior unsecured basis.

It's important for investors to note that these notes are being offered and sold privately, consistent with Rule 144A and Regulation S under the Securities Act. This means the securities are not publicly registered and are intended for qualified institutional buyers and non-U.S. persons, highlighting the nature of this capital raise.

02—Key points

Key Highlights

  1. Ciena priced a $400 million offering of 4.00% senior notes due 2030.
  2. The offering is expected to close on or about January 18, 2022.
  3. The senior notes will have senior unsecured guarantees from certain domestic subsidiaries.
  4. The offering is being conducted as a private placement under Rule 144A and Regulation S.
  5. The announcement was made via a press release filed as an exhibit to the 8-K.
  6. This action reflects Ciena's ongoing capital management strategy.

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 announce the pricing of Ciena's offering of $400 million in 4.00% senior notes due 2030 and to provide related details regarding the transaction, including the expected closing date and the nature of the offering (private placement).

  2. Who can purchase these senior notes?

    These senior notes are being offered and sold privately. They are expected to be eligible for resale in the United States only to qualified institutional buyers pursuant to Rule 144A under the Securities Act, and outside the United States to non-U.S. persons in compliance with Regulation S.

  3. What is the interest rate and maturity of the new notes?

    The new notes will carry a 4.00% interest rate and mature in 2030.

  4. Does this offering involve any new public registration of securities?

    No, the Notes and related guarantees have not been and will not be registered under the Securities Act of 1934, as amended, or the securities laws of any other jurisdiction. They are being offered through a private placement memorandum.

04—Continue

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