Monitor future 8-K filings for any CP Program drawdowns, which would signal incremental short-term leverage. The program is a liquidity management tool — actual usage will indicate near-term cash needs.
Price Chart
Executive Summary
Illumina established a $1.0 billion unsecured commercial paper program on October 8, 2026, with three dealers and a national bank as issuing/paying agent. No notes were outstanding as of the filing date. Proceeds are for general corporate purposes. This is a routine financing facility that provides an alternative short-term funding source.
Key Financial Metrics
Key Facts
- Maximum aggregate principal of CP Notes outstanding at any time is $1.0 billion
- No CP Notes were outstanding as of the filing date
- Maturities cannot exceed 397 days from date of issue
- Three commercial paper dealers appointed initially
- Proceeds expected to be used for general corporate purposes
- Notes are unsecured and rank at least pari passu with other unsecured unsubordinated debt
Financial Impact
Up to $1.0 billion in short-term unsecured borrowing capacity established; no amount drawn as of filing date
Risk Factors
- Commercial paper market disruption could limit access if drawn
- Unsecured nature means rating downgrade would increase borrowing costs or restrict access
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001110803-26-000195 |
| Document: ilmn-20261013.htm | 0001110803-26-000195 |
| Document: 0001110803-26-000195-index-headers.html | 0001110803-26-000195 |
| Document: 0001110803-26-000195-index.html | 0001110803-26-000195 |
| Document: 0001110803-26-000195.txt | 0001110803-26-000195 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 5d ago | Institutional Cluster | $282.86 | awaiting T+5 | — | $271.82 (−3.90%) |
Oct 13, 2026 12d ago | 8-K | $271.76 $282.86 | ▲ +4.08% | ▲ +3.63% | $271.82 (+0.02%) |
Oct 12, 2026 14d ago | Institutional Cluster | $276.67 $262.66 | ▼ −5.06% | ▼ −3.57% | $271.82 (−1.75%) |
Oct 7, 2026 18d ago | SC 13G | $267.76 $271.76 | ▲ +1.49% | ▲ +2.47% | $271.82 (+1.52%) |
Sep 30, 2026 26d ago | Court Ruling | $265.72 $264.57 | ▼ −0.43% | ▼ −1.73% | $271.82 (+2.30%) |
Aug 27, 2026 8w ago | Insider Cluster | $215.59 $218.22 | ▲ +1.22% | ▲ +1.11% | $271.82 (+26.08%) |
Aug 21, 2026 9w ago | Insider Cluster | $223.22 $213.63 | ▲ +4.30% | ▲ +4.77% | $271.82 (−21.77%) |
Aug 17, 2026 9w ago | 8-K | $188.29 $224.99 | ▲ +19.49% | ▲ +19.69% | $271.82 (+44.36%) |
Aug 12, 2026 10w ago | 8-K | $192.91 $205.00 | ▲ +6.27% | ▲ +6.71% | $271.82 (+40.91%) |
Aug 6, 2026 11w ago | Insider Cluster | $187.96 $190.89 | ▼ −1.56% | ▼ −1.16% | $271.82 (−44.62%) |
US Market Status
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