Lumentum signs $400 million senior secured revolving credit facility maturing 2030
Lumentum Holdings entered a $400.0 million senior secured revolving credit agreement with Wells Fargo as administrative agent, dated December 19, 2025. The company had no outstanding borrowings or letters of credit under the facility at signing, so it adds available liquidity rather than new debt today.
Key points
- Facility size is $400.0 million, including a $23.0 million sublimit for letters of credit
- Revolving loans mature December 19, 2030, but could mature earlier if liquidity or leverage tests are not met 91 days before certain convertible notes come due
- Borrowings bear interest at base rate plus 0.50% to 1.50%, or term SOFR plus 1.50% to 2.50%, based on secured net leverage
- Financial covenants include a secured net leverage ratio of 3.25:1.00 or less and an interest coverage ratio of at least 3.00:1.00
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 22, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.