NVIDIA$Ciena(CIEN.US)
Management just closed a roughly $2.9B zero-coupon convertible deal, and a big chunk of that is going straight to paying down a bit over $1B of existing debt. That should ease interest pressure and give them more breathing room on the balance sheet.
They also bought back a small amount of stock around the same time, which signals they’re comfortable leaning into their own valuation.
I’m mainly watching how well this zero-interest structure actually improves cash flow and financial efficiency over time before changing my position.
@Bridge Buzz SG
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