Latham & Watkins Advises on Lumentum Holdings Inc.’s Upsized US$603.75 Million Convertible Notes Offering

Lumentum Holdings Inc., a market-leading designer and manufacturer of innovative optical and photonic products enabling optical networking and laser applications worldwide, closed on June 16, 2023 its US$603.75 million aggregate principal amount of 1.50% Convertible Senior Notes due 2029, in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. The initial purchasers exercised in full their option to purchase an additional US$78.75 million aggregate principal amount of the notes.

Latham & Watkins LLP represented the initial purchasers in the offering with a capital markets team led by partners Greg Rodgers and Andrew Blumenthal, with associates Claire Solimine, James Dorian, and Stephanie Niamonitakis. Advice was also provided on tax matters by partner Elena Romanova, with associate Jacob Nagelberg.