secwatch.observer — SEC 8-K summary
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Issuer:     VIAVI SOLUTIONS INC. (VIAV)
CIK:        0000912093
Form:       8-K
Filed at:   2022-01-06T23:59:59+00:00
Accession:  0001140361-22-000823
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viavi enters $300M ABL revolver due 2026; terminates prior $300M facility
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- New $300M senior secured asset-based revolving credit facility matures December 30, 2026.
- Borrowings can be increased up to $100M under certain conditions; proceeds for working capital and general corporate purposes.
- Interest rates: Term SOFR + 1.35%-1.85% or base + 0.25%-0.75% for USD; similar margins for other currencies.
- Covenants include fixed charge coverage ratio >=1.00 if excess availability less than greater of 10% of borrowing base or $20M.
- Terminated existing $300M revolving credit agreement dated May 5, 2020.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912093/000114036122000823/0001140361-22-000823-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912093/000114036122000823/brhc10032514_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-000823

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