Finisar Corporation Announces Public Offering of Common Stock

Date Announced: 21 Dec 2010

With its share price at a three-year high, the optoelectronic component maker looks set to raise around $100 million by selling 3.6 million shares.

SUNNYVALE, CA--(Marketwire - 12/20/10) - Finisar Corporation (NASDAQ:FNSR - News), 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 Company's 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 SEC's 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

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.

Source: Finisar

Contact

E-mail: Investor.relations@finisar.com

Web Site: www.finisar.com