Infinera Completes Merger, Alters Convertible Notes Structure
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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%.
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