SAN JOSE, Calif., Sept. 21, 2016 /PRNewswire/ -- Oclaro,
Inc. (Nasdaq: OCLR) announced today the pricing of its
public offering (the "Offering") of 15,000,000 shares of its common
stock at a price to the public of $8.35 per share. In addition, Oclaro has granted
the underwriters a 30-day option to purchase up to 2,250,000
additional shares of its common stock. Oclaro expects to close the
offering on September 27, 2016,
subject to customary closing conditions.
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 is being
made pursuant to a registration statement previously filed with and
declared effective by the Securities and Exchange Commission (the
"SEC"). A preliminary prospectus supplement and accompanying
prospectus related to the Offering have been filed with the SEC.
Copies of the final prospectus supplement and the accompanying
prospectus related to the Offering, when available, may be obtained
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
consummate 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.