On November 3, 2008, Finisar Corporation (the "Company") issued a press release announcing that it has renewed and extended the term of its credit facilities with Silicon Valley Bank. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

Reference is made to Item 1.01 of this report regarding the renewal and extension of the Company's credit facilities. Item 9.01. Financial Statements and Exhibits.

   (d) Exhibits

   Exhibit No.:                           Description

   99.1           Press Release of Finisar Corporation dated November 3, 2008.