Latham & Watkins Advises on Lumentum’s US$1.1 Billion Convertible Senior Notes Offering

Lumentum Holdings Inc. (Lumentum) (NASDAQ: LITE) has announced the pricing of US$1.1 billion aggregate principal amount of convertible senior notes due 2032 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. Lumentum granted the initial purchasers of the notes a 13-day option to purchase up to an additional US$165.0 million aggregate principal amount of the notes. The sale of the notes to the initial purchasers is expected to settle on September 8, 2025, subject to customary closing conditions, and is expected to result in approximately US$1.09 billion (or approximately US$1.25 billion if the initial purchasers fully exercise their option to purchase additional notes) in net proceeds to Lumentum after deducting the initial purchasers’ discount and estimated offering expenses payable by Lumentum.

Latham & Watkins LLP represents the initial purchasers in the offering with a Capital Markets team led by New York/Los Angeles partner Greg Rodgers and New York partner Andrew Blumenthal, with associates Ian Lachow, Madison Venezia, and Jackie Stern. Advice was also provided on derivatives matters by New York partner Reza Mojtabaee-Zamani and New York counsel Christopher Yu, with associates Shawn Noh and Daniel Weiss; and on tax matters by New York partner Bora Bozkurt, with associates Roxanna Abdoli and Farrah Yan.