Ciena Corporation announced that it has priced a private offering of $400 million in aggregate principal amount of 4.00% Senior Notes due 2030 (the Notes). The sale of the Notes is expected to close on January 18, 2022, subject to customary closing conditions. The Notes will be guaranteed by certain of Ciena's direct and indirect existing and future domestic subsidiaries.

Interest on the Notes will be payable semi-annually in arrears on each January 31 and July 31, commencing on July 31, 2022. The Notes will mature on January 31, 2030, unless repurchased or redeemed in accordance with their terms prior to such date. Ciena intends to use the net proceeds from the sale of the Notes for general corporate purposes.