JDSU Repurchases 1% Senior Convertible Notes Due 2026 at the Option of Holders
MILPITAS, CA -- (Marketwired) -- 05/15/13 -- JDSU (NASDAQ: JDSU)
(TSX: JDU) ("JDSU") today announced that pursuant to the terms of the
Indenture governing JDSU's 1% Senior Convertible Notes due 2026
(CUSIP No. 46612J AD 3) (the "Notes"), certain holders of the Notes
have surrendered their Notes for purchase by JDSU, exercising their
redemption right under the Indenture (the "Put Option"). The Put
Option expired at 5:00 p.m., New York City time, on Wednesday, May
At the expiration of the Put Option, $160,576,000 in aggregate
principal amount of Notes were validly tendered and not validly
withdrawn. The purchase of the Notes tendered will be funded by
JDSU's available cash. Pursuant to the terms of the Indenture, JDSU
will pay today the semi-annual interest due on the Notes through May
14, 2013, to holders of record as of May 1, 2013 of all Notes in the
usual manner regardless of whether the Put Option was exercised with
respect to such Notes.
JDSU will file an amendment on the Tender Offer Statement on Schedule
TO with the Securities and Exchange Commission announcing the
expiration and results of the Put Option.
JDSU (NASDAQ: JDSU) (TSX: JDU) innovates and collaborates
with customers to build and operate the highest-performing and
highest-value networks in the world. Our diverse technology portfolio
also fights counterfeiting and enables high-powered commercial lasers
for a range of applications. Learn more about JDSU at www.jdsu.com
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