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Oclaro Announces Proposed Public Offering of Common StockSAN JOSE, Calif., Sept. 19, 2016 /PRNewswire/ -- Oclaro, Inc. (Nasdaq: OCLR) announced today that it intends to offer, subject to market conditions and other considerations, 13,000,000 newly issued shares (the "Shares") of common stock, $0.01 par value per share, in an underwritten public offering (the "Offering"). In addition, Oclaro expects to grant the underwriters a 30-day option to purchase up to 1,950,000 additional Shares. The final terms of the Offering will depend on market and other conditions at the time of pricing. Oclaro intends to use the net proceeds from the offering for general corporate purposes, including working capital, capital expenditures, other corporate expenses and acquisitions of complementary products, technologies or businesses. Oclaro does not have agreements or commitments for any specific acquisition at this time. Jefferies LLC is serving as the sole book-running manager for the Offering and Needham & Company, Stifel and Craig-Hallum Capital Group LLC are acting as co-managers. The Offering of the Shares is being made pursuant to a registration statement previously filed with and declared effective by the Securities and Exchange Commission (the "SEC"), and the Offering of the Shares may be made only by means of a preliminary prospectus supplement and the accompanying prospectus, copies of which can be obtained, when available, at the SEC's website at www.sec.gov or from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY, 10022, by email at [email protected] or by phone at 877-821-7388. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. About Oclaro All rights reserved. Oclaro, the Oclaro logo, and certain other Oclaro trademarks and logos are trademarks and/or registered trademarks of Oclaro, Inc. or its subsidiaries in the US and other countries. All other trademarks are the property of their respective owners. Information in this release is subject to change without notice. Safe Harbor Statement Investor Contacts Jim Fanucchi Logo - http://photos.prnewswire.com/prnh/20130129/SF49903LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/oclaro-announces-proposed-public-offering-of-common-stock-300330344.html SOURCE Oclaro, Inc. |