07:43 AM EDT, 09/04/2025 (MT Newswires) -- Lumentum Holdings ( LITE ) said Thursday that it priced a private placement of $1.1 billion of convertible senior notes due 2032 to qualified institutional buyers.

Initial purchasers were granted a 13-day option to buy up to an additional $165 million of the notes, which are senior, unsecured obligations, maturing on March 15, 2032, with an annual interest rate of 0.375%.

Proceeds will be used to pay for certain capped call transactions, to repurchase about $581.1 million of Lumentum's ( LITE ) 0.50% convertible senior notes due 2026, and for general corporate purposes, the company said.