---
schema_version: "secwatch.filing_event.v1"
accession: "0000912093-23-000014"
form_type: "8-K"
ticker: "VIAV"
cik: "0000912093"
company_name: "VIAVI SOLUTIONS INC."
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T16:47:06.896926+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Viavi issues $250M in 1.625% convertible notes due 2026, exchanges $128M of 2024 notes

## Summary
- Issued $250M aggregate principal of 1.625% Senior Convertible Notes due 2026; initial conversion price ~$13.19/share (22.5% premium over $10.77 close).
- Exchange of ~$132M new notes for ~$128M of existing 1.00% 2024 notes; ~$96M of 2024 notes remain outstanding.
- Subscription transactions raise ~$118M cash; net proceeds for general corporate purposes including debt retirement.
- Company expects to repurchase up to $30M of common stock from certain institutional investors in connection with the issuance.
- Transactions expected to close on or about March 6, 2023, subject to customary conditions.

## SEC filing metadata
- accession: 0000912093-23-000014
- form_type: 8-K
- ticker: VIAV
- cik: 0000912093
- company_name: VIAVI SOLUTIONS INC.
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/912093/000091209323000014/0000912093-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912093/000091209323000014/viav-20230302.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000912093-23-000014
- JSON: https://secwatch.observer/filing/0000912093-23-000014.json
- Plain text: https://secwatch.observer/filing/0000912093-23-000014.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.