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.