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8-K - FORM 8-K - FINISAR CORP | f57686e8vk.htm |
EX-5.1 - EX-5.1 - FINISAR CORP | f57686exv5w1.htm |
EX-1.1 - EX-1.1 - FINISAR CORP | f57686exv1w1.htm |
Exhibit 99.1
Finisar Corporation Announces Public Offering of Common Stock
SUNNYVALE,
CA December 20, 2010 Finisar Corporation (NASDAQ: FNSR), a global technology
leader for subsystems and components for fiber optic communications, today announced that it has
agreed to sell 3,600,000 shares of its common stock in an underwritten public offering. The
underwriter will have an option to purchase up to an additional 540,000 shares solely to cover
over-allotments, if any. The Company intends to use the net proceeds from the offering for general
corporate purposes, including working capital. A portion of the net proceeds may be used for the
repurchase and/or repayment of certain of the Companys outstanding indebtedness, which may include
a portion of its outstanding convertible notes. The Company may also use a portion of the net
proceeds to acquire or invest in complementary businesses, products or technologies, although it
has no present agreements or commitments with respect to any such acquisitions or investments.
Credit Suisse Securities (USA) LLC is serving as sole underwriter for the offering. The offering
will be made pursuant to an effective automatic shelf registration statement. A prospectus
supplement relating to the offering will be filed with the SEC, and, once filed, the prospectus
supplement and accompanying base prospectus will be available on the SECs website,
www.sec.gov. Copies of the prospectus supplement and base prospectus may also be obtained
from:
Credit Suisse Securities (USA) LLC
Prospectus Department
One Madison Avenue
New York, NY 10010
1-800-221-1037
Prospectus Department
One Madison Avenue
New York, NY 10010
1-800-221-1037
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy
securities nor shall there be any offer or sale of these securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
ABOUT FINISAR
Finisar Corporation (NASDAQ: FNSR) is a global technology leader for fiber optic subsystems and
components that enable high-speed voice, video and data communications for telecommunications,
networking, storage, wireless, and cable TV applications. For more than 20 years, Finisar has
provided critical optics technologies to system manufacturers to meet the increasing demands
for network bandwidth and storage. Finisar is headquartered in Sunnyvale, California, USA with
R&D, manufacturing sites, and sales offices worldwide.
SAFE HARBOR UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
The statements contained in this press release that are not purely historical, such as those
relating to Finisars expectations regarding the completion, timing and size of the proposed
public offering, are forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended. All forward-looking statements included in this
press release are based upon information available to Finisar as of the date hereof, and
Finisar assumes no obligation to update any such forward-looking statements. Forward-looking
statements involve risks and uncertainties which could cause actual results or developments to
differ materially from those projected or implied in these forward-looking statements. These
risks and uncertainties include those related to market conditions and the satisfaction of
customary closing conditions which could adversely affect Finisars ability to successfully
conclude the public offering. There can be no assurance that Finisar will be able to complete
the proposed public offering on the anticipated terms, or at all. Further information
regarding other risks relating to Finisars business is set forth under the heading Risk
Factors in Finisars annual report on Form 10-K (filed July 1, 2010), its subsequent quarterly
SEC filings and any amendments thereto, and in the prospectus supplement to be filed with the
SEC.
Investor Contact:
|
Press contact: | |
Kurt Adzema
|
Victoria McDonald | |
Chief Financial Officer
|
Sr. Manager, Corporate Communications | |
408-542-5050 or Investor.relations@finisar.com
|
408-542-4261 |