---
title: "Adtran Issues $201.25M Convertible Senior Notes"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258411091.md"
description: "Adtran Holdings, Inc. has issued $201.25 million in 3.75% convertible senior notes due 2030, with an option for initial purchasers to buy an additional $26.25 million. The notes will accrue interest semi-annually and include conversion rights and redemption options. Adtran also entered capped call transactions to mitigate stock dilution. Analysts rate ADTN stock as Hold with a $10.00 price target, while Spark's AI Analyst gives it a Neutral rating, citing financial performance challenges despite strong revenue growth. Current market cap is $760.5M."
datetime: "2025-09-22T20:34:37.000Z"
locales:
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  - [en](https://longbridge.com/en/news/258411091.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258411091.md)
---

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# Adtran Issues $201.25M Convertible Senior Notes

Adtran ( (ADTN) ) has issued an update.

On September 19, 2025, Adtran Holdings, Inc. issued $201.25 million in 3.75% convertible senior notes due 2030, with an option for initial purchasers to buy an additional $26.25 million, which was fully exercised. These notes, which are senior unsecured obligations, will accrue interest semi-annually and mature in 2030, with specific conversion rights and redemption options. Additionally, Adtran entered into capped call transactions to mitigate potential stock dilution upon note conversion, with a cap price set at a 75% premium over the current stock price.

The most recent analyst rating on (ADTN) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Adtran stock, see the ADTN Stock Forecast page.

**Spark’s Take on ADTN Stock**

According to Spark, TipRanks’ AI Analyst, ADTN is a Neutral.

Adtran’s overall stock score is driven by its financial performance challenges, particularly in profitability, despite strong revenue growth and positive cash flow generation. Technical indicators show a positive short-term trend, while valuation remains unattractive due to negative earnings. The earnings call provided a positive outlook with strong revenue growth and customer acquisitions, balancing some of the financial weaknesses.

To see Spark’s full report on ADTN stock, click here.

**More about Adtran**

**Average Trading Volume:** 1,509,399

**Technical Sentiment Signal:** Buy

**Current Market Cap:** $760.5M

Learn more about ADTN stock on TipRanks’ Stock Analysis page.

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