LITE Lumentum Holdings Inc.
Price Chart
Executive Summary
Lumentum exchanged approximately $650.4M of its 0.50% Convertible Senior Notes due 2028 for ~5.0M shares of common stock in a private placement. The transaction reduces debt and interest expense, with incremental dilution of ~0.8M shares related to principal. About $172.2M of notes remain outstanding. No cash proceeds were received.
Key Financial Metrics
Actionable Insight
The transaction is modestly deleveraging with minimal dilution. Monitor whether the remaining $172.2M notes are also exchanged in the future, which could lead to further dilution. The stock price reaction is likely muted given the small scale relative to market cap.
Key Facts
- Exchanged ~$650.4M principal of 0.50% convertible notes due 2028 for ~5.0M common shares.
- Incremental dilution from principal amount: ~0.8M shares.
- Remaining notes outstanding after closing: ~$172.2M.
- No cash received; notes are cancelled upon exchange.
- Private placement under Section 4(a)(2) and Rule 144A; shares are unregistered.
Financial Impact
Debt reduced by ~$650.4M, share count increased by ~5.0M (approximately 1% dilution based on market cap of $66.5B). Annual interest expense saved ~$3.25M (0.50% on $650.4M).
Risk Factors
- Further debt-to-equity exchanges could increase dilution.
- Remaining notes may still be converted, adding overhang.
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-249535 |
| Document: 0001193125-26-249535-index-headers.html | 0001193125-26-249535 |
| Document: 0001193125-26-249535-index.html | 0001193125-26-249535 |
| Document: 0001193125-26-249535.txt | 0001193125-26-249535 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 1, 2026
5d ago
|
8-K
| $905.00 $1,029.15 | ▲ +13.72% | ▲ +13.57% | $863.66 (−4.57%) |
|
May 22, 2026
15d ago
|
Insider Cluster
| $910.81 $898.68 | ▼ −1.33% | ▼ −1.29% | $863.66 (−5.18%) |
|
May 18, 2026
19d ago
|
144
| $890.09 $868.07 | ▼ −2.47% | ▼ −3.51% | $863.66 (−2.97%) |
|
May 18, 2026
19d ago
|
144
| $890.09 $868.07 | ▼ −2.47% | ▼ −3.51% | $863.66 (−2.97%) |
|
May 15, 2026
22d ago
|
Insider Cluster
| $884.98 $890.09 | ▲ +0.58% | ▲ +1.23% | $863.66 (−2.41%) |
|
May 15, 2026
22d ago
|
Insider Cluster
| $884.98 $890.09 | ▲ +0.58% | ▲ +1.23% | $863.66 (−2.41%) |
|
May 11, 2026
26d ago
|
Insider Cluster
| $1,053.09 $992.37 | ▼ −5.77% | ▼ −5.63% | $863.66 (−17.99%) |
|
Apr 8, 2026
8w ago
|
8-K
| $896.02 $894.13 | ▼ −0.21% | ▼ −0.78% | $863.66 (−3.61%) |
|
Feb 28, 2026
14w ago
|
Institutional Cluster
| $783.25 $694.43 | ▼ −11.34% | ▼ −10.43% | $863.66 (+10.27%) |
US Market Status
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