-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, C5fL377kqIHyQ/kZ8M1w8x7vVURY4BVibPASS6zGP61Bi+9kOnSNoW69d5xoSl5A LbqHWinw8galwBTX+UyfBw== 0001157523-03-007500.txt : 20031222 0001157523-03-007500.hdr.sgml : 20031222 20031222092235 ACCESSION NUMBER: 0001157523-03-007500 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031222 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CIENA CORP CENTRAL INDEX KEY: 0000936395 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 232725311 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21969 FILM NUMBER: 031066531 BUSINESS ADDRESS: STREET 1: 1201 WINTERSON ROAD CITY: LINTHICUM STATE: MD ZIP: 21090 BUSINESS PHONE: 4108658500 MAIL ADDRESS: STREET 1: 1201 WINTERSON ROAD CITY: LINTHICUM STATE: MD ZIP: 21090 8-K 1 a4537891.txt CIENA CORPORATION 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 December 22, 2003 ----------------- Date of Report (Date of earliest event reported) CIENA Corporation ----------------- (Exact name of registrant as specified in its charter) Delaware 0-21969 23-2725311 (State or other jurisdiction (Commission File No.) (IRS Employer of incorporation) Identification No.) 1201 Winterson Road, Linthicum, Maryland 21090 ---------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 865-8500 ------------- Not applicable -------------- (Former name or former address, if changed since last report) Exhibit Index on Page 2 Item 5. Other Events and Regulation FD Disclosure. On December 22, 2003, CIENA Corporation issued the press release, attached hereto as Exhibit 99.1, concerning the redemption of all the outstanding 5% Convertible Subordinated Notes due October 15, 2005 The press release is incorporated herein by this reference. Item 7. Financial Statements and Exhibits. (c) Exhibits. 99.1 Press Release, issued December 22, 2003. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CIENA CORPORATION Date: December 22, 2003 By: --------------------------------------------- Russell B. Stevenson, Jr. Senior Vice President, General Counsel and Secretary EX-99 3 a4537891ex991.txt CIENA CORPORATION PRESS RELEASE Exhibit 99.1 CIENA Completes Redemption of 5% Convertible Notes Originally Issued by ONI Systems Corp. LINTHICUM, Md.--(BUSINESS WIRE)--Dec. 22, 2003--CIENA(R) Corporation (NASDAQ:CIEN), a leading global provider of innovative network solutions, today announced that it had completed the redemption of all the outstanding 5% Convertible Subordinated Notes due October 15, 2005 originally issued by ONI Systems Corp. The notes were assumed by CIENA in its acquisition of ONI in June 2002. The principal amount of the notes redeemed was approximately $48 million. On the redemption date, December 19, 2003, CIENA paid holders 102% of the outstanding principal amount of the notes plus accrued interest. The Company expects to record a book loss of approximately $8.2 million related to the extinguishment of this debt due to the fact that the accreted book value of the notes will be less than the purchase price. The Company will use its cash and cash equivalents, and short-term investments to fund the redemption. By redeeming the notes, CIENA will reduce its annual interest expense and eliminate the need to repay the debt at maturity in 2005. The redemption should result in a net cash savings to the Company of approximately $2 million over the remaining two-year life of the notes, based on the spread between the interest payments on the notes and the income generated from investing the principal at current rates of return. ABOUT CIENA CIENA Corporation delivers innovative network solutions to the world's largest service providers and enterprises, increasing the cost-efficiency of current services while enabling the creation of new carrier-class data services built upon the existing network infrastructure. Additional information about CIENA can be found at www.ciena.com. NOTE TO INVESTORS This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions of CIENA (the Company) that involve risks and uncertainties. Forward-looking statements in this release, including the expected net cash savings to CIENA, are based on information available to the Company as of the date hereof. The Company's actual results could differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with the Company's business, which include the risk factors disclosed in the Company's Report on Form 10-K filed with the Securities and Exchange Commission on December 11, 2003. Forward looking statements include statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. CONTACT: CIENA Corporation Press Contacts: Denny Bilter or Aaron Graham, 877-857-7377 pr@ciena.com or Investor Contacts: Suzanne DuLong or Jessica Towns, 888-243-6223 ir@ciena.com -----END PRIVACY-ENHANCED MESSAGE-----