Infinera Completes Merger, Alters Convertible Notes Structure
Infinera has completed a merger that alters its Convertible Senior Notes due 2027 and 2028, changing conversion rights to a mix of cash and Nokia ADSs. The company also terminated a $200 million revolving credit facility and initiated a Change of Control Offer for outstanding Convertible Notes. This marks a significant shift in Infinera's financial structure and stakeholder rights. The company operates in the telecommunications sector, focusing on optical networking solutions, with a current market cap of $1.57B and a YTD price performance of 1.07%.
Infinera ( (INFN) ) has issued an update.
Infinera has completed a merger that affects its Convertible Senior Notes due 2027 and 2028, changing their conversion rights from company stock to a mix of cash and Nokia ADSs. Additionally, Infinera terminated a $200 million revolving credit facility and initiated a Change of Control Offer to purchase outstanding Convertible Notes, marking a significant shift in its financial structure and stakeholder rights.
More about Infinera
Infinera operates in the telecommunications industry, primarily providing optical networking equipment and solutions. The company focuses on delivering high-capacity, scalable, and programmable optical transport networks to service providers, cloud operators, and enterprises.
YTD Price Performance: 1.07%
Average Trading Volume: 912,926
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.57B
For an in-depth examination of INFN stock, go to TipRanks’ Stock Analysis page.
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