News Article
Finisar Announces Public Offering of 3.6 Million Shares Common Stock
The Company intends to use the net proceeds from the offering for general corporate purposes, including working capital.
Finisar Corporation, a provider of subsystems and components for fiber optic communications, has agreed to sell 3,600,000 shares of its common stock in an underwritten public offering.
The underwriter will have an option to purchase up to an additional 540,000 shares solely to cover over-allotments, if any. The Company intends to use the net proceeds from the offering for general corporate purposes, including working capital. A portion of the net proceeds may be used for the repurchase and/or repayment of certain of the Company's outstanding indebtedness, which may include a portion of its outstanding convertible notes. The Company may also use a portion of the net proceeds to acquire or invest in complementary businesses, products or technologies, although it has no present agreements or commitments with respect to any such acquisitions or investments.
Credit Suisse Securities (USA) LLC is serving as sole underwriter for the offering. The offering will be made pursuant to an effective automatic shelf registration statement. A prospectus supplement relating to the offering will be filed with the SEC, and, once filed, the prospectus supplement and accompanying base prospectus will be available on the SEC's website, www.sec.gov. Copies of the prospectus supplement and base prospectus may also be obtained from:
Finisar Corporation is a global technology leader for fiber optic subsystems and components that enable high-speed voice, video and data communications for telecommunications, networking, storage, wireless, and cable TV applications. For more than 20 years, Finisar has provided critical optics technologies to system manufacturers to meet the increasing demands for network bandwidth and storage. Finisar is headquartered in Sunnyvale, California, USA with R&D, manufacturing sites, and sales offices worldwide.
