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.
About Oclaro
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.
Investor Contacts
Pete
Mangan
Chief Financial Officer
(408) 383-1400
ir@oclaro.com
Jim Fanucchi
Darrow Associates, Inc.
(408) 404-5400
ir@oclaro.com
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SOURCE Oclaro, Inc.