SAN 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 Prospectus_Department@Jefferies.com 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.
Oclaro, Inc. is a leader in optical components, modules and subsystems for the core optical, enterprise and data center markets. Leveraging more than three decades of laser technology innovation, photonics integration, and subsystem design, Oclaro's solutions are at the heart of the fast optical networks and high-speed interconnects driving the next wave of streaming video, cloud computing, voice over IP and other bandwidth-intensive and high-speed applications.
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
This press release contains forward-looking statements for the purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. Such statements can be identified by the fact that they do not relate strictly to historical or current facts and may contain words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "will," "should," "outlook," "could," "target," "preliminary" and other words and terms of similar meaning in connection with any discussion of plans, objectives, goals, strategies and future operating or financial performance. Undue reliance should not be placed on such forward-looking statements, which speak only as of the date they are made. Oclaro undertakes no obligation to update such forward-looking statements. Actual
events and results may differ materially from those in the forward-looking statements and are subject to risks and uncertainties. Such risks and uncertainties include, but are not limited to, whether or not Oclaro will offer the Shares or consummate the Offering, the anticipated terms of the Shares and the Offering and the anticipated use of the proceeds of the Offering.
Chief Financial Officer
Darrow Associates, Inc.
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SOURCE Oclaro, Inc.