Ciena Corporation Announces Closing of $2.875 billion of 0.00% Convertible Senior Notes
Lowers Ciena's interest expense and immediately accretive to Earnings per Share
Provides further operational and strategic flexibility
Bond hedge and warrant structure raises effective conversion price to $1,000 per share
Ciena® Corporation (NYSE:CIEN) (the "Company"), the global leader in high-speed connectivity, today announced that it has closed its previously announced private offering (the "Offering") of $2.875 billion aggregate principal amount of 0.00% convertible senior notes due 2031 (the "Notes"), which includes $375 million aggregate principal amount of Notes issued in connection with the initial purchasers' full exercise of their option (i.e. greenshoe execution). The
