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A maker of DNA sequencing and genetic analysis instruments, Illumina is one of the world's largest genomics technology companies, serving researchers and clinicians in noninvasive prenatal testing and cancer detection. Founded in 1998 in San Diego by a venture capitalist and a Tufts chemist, its name comes from the Latin word for 'light,' a nod to its fluorescence-based detection—and despite how it sounds, it has nothing to do with the Illuminati. Sequencing machines like the MiSeq decode genomes.
Illumina completes $300M offering of 4.950% notes due 2029 to repay 2026 notes
Net proceeds, with cash on hand, will be used to repay Illumina's 4.650% notes due September 9, 2026, of which $500 million was outstanding as of June 28, 2026.
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On August 17, 2026, Illumina completed a public offering of $300 million aggregate principal amount of 4.950% notes due September 19, 2029.
The notes were issued under an indenture dated March 12, 2021, with U.S. Bank Trust Company as trustee, and an officer's certificate dated August 17, 2026.
The offering was registered on Form S-3 (File No. 333-281921); interest is payable semi-annually at 4.950% per annum.
The notes may be redeemed at Illumina's election, in whole or in part, under terms set forth in the notes.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Illumina enters new $1B credit facility, replacing 2023 agreement
On August 13, 2026, Illumina entered a $1,000 million senior unsecured five-year revolving credit facility with Bank of America as administrative agent.
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The facility matures August 13, 2031, with three optional one-year extensions, and includes a $50M swingline sublimit and $75M letter of credit sublimit.
Interest rates are variable based on SOFR or alternate base rate plus a margin tied to Illumina's debt rating.
The agreement allows up to $500M in additional commitments or term loans, subject to lender consent.
The prior credit agreement dated January 4, 2023 was terminated as of August 13, 2026; no borrowings were outstanding under the new facility at filing.
1.01 Entry into a Material Definitive Agreement · 1.02 Termination of a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
Illumina prices $300M 4.950% notes due 2029 to repay 2026 notes
On August 10, 2026, Illumina entered into an underwriting agreement with J.P. Morgan Securities LLC and Citigroup Global Markets Inc. for a $300 million notes offering.
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The notes carry a 4.950% interest rate and mature in 2029; the offering is expected to close on August 17, 2026.
Net proceeds, together with cash on hand, will be used to repay Illumina's 4.650% notes due September 9, 2026.
The notes are offered under an existing Form S-3 registration statement (No. 333-281921) filed with the SEC on September 4, 2024.
The underwriting agreement is filed as Exhibit 1.1 to this Form 8-K.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Illumina settles Icahn derivative suit over GRAIL acquisition with no payment; dismissal hearing set for Nov. 2, 2026.
Illumina entered a Release Agreement effective August 21, 2025, settling the derivative and class action Icahn Partners LP, et al. v. Francis DeSouza, et al. in Delaware Chancery Court.
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The settlement involves mutual releases and no payment by any party; the action will be dismissed with prejudice as to the plaintiffs only, without prejudice to other Illumina stockholders.
The litigation challenged Illumina's $8 billion reacquisition of GRAIL, alleging breach of fiduciary duties by nine current and former directors.
The court will hold a dismissal hearing on November 2, 2026, at 1:30 p.m. ET; a notice of pendency and proposed dismissal was filed as Exhibit 99.1.
The dismissal does not affect three related derivative actions pending in the same court, and releases potential claims against Andrew Teno related to sharing confidential materials.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Illumina stockholders elect nine directors and approve E&Y ratification and say-on-pay at 2026 annual meeting
At the May 21, 2026 annual meeting, all nine director nominees were elected, each receiving over 122 million votes for and fewer than 8.5 million against.
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Stockholders ratified Ernst & Young LLP as independent auditor for fiscal year ending January 3, 2027, with 133,174,094 votes for and 7,762,010 against.
The advisory say-on-pay proposal for named executive officer compensation was approved with 121,746,792 votes for and 8,464,596 against.
A quorum of 92.85% of outstanding shares (141,044,031 votes) was present, with 151,906,915 shares outstanding as of the March 26, 2026 record date.
Final results were certified by the Inspector of Election on May 22, 2026.
5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits