---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-010498"
form_type: "8-K"
ticker: "VIAV"
cik: "0000912093"
company_name: "VIAVI SOLUTIONS INC."
filed_at: "2023-03-07T23:59:59+00:00"
generated_at: "2026-06-18T10:55:11.772055+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Issued $250M aggregate principal of 1.625% Senior Convertible Notes due 2026.
- Exchanged $128M of existing 1.00% 2024 notes for $132M of new notes.
- Received $118M cash from subscription transactions for general corporate purposes.
- Conversion price ~$13.19 per share, ~22.5% premium over $10.77 closing price.
- New notes mature March 15, 2026; interest payable semiannually at 1.625%.

## SEC filing metadata
- accession: 0001140361-23-010498
- form_type: 8-K
- ticker: VIAV
- cik: 0000912093
- company_name: VIAVI SOLUTIONS INC.
- filed_at: 2023-03-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/912093/000114036123010498/0001140361-23-010498-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912093/000114036123010498/brhc10049291_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-010498
- JSON: https://secwatch.observer/filing/0001140361-23-010498.json
- Plain text: https://secwatch.observer/filing/0001140361-23-010498.txt

## Key facts
- Debt Financings
  VIAVI SOLUTIONS INC. incurred convertible notes of $250 million aggregate principal amount with U.S. Bank Trust Company, National Association at 1.625% maturing March 15, 2026.
  - Instrument: convertible notes
  - Principal: $250 million aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 1.625%
  - Maturity: March 15, 2026
  - Event: incurrence
  source text: On March 6, 2023, in connection with the consummation of previously announced private transactions, Viavi Solutions Inc. (the “Company”) issued $250 million aggregate principal amount of its 1.625% Senior Convertible Notes due 2026 (the “New Notes”) under an Indenture, dated March 6, 2023 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/912093/000114036123010498/0001140361-23-010498-index.htm
- Material Agreements
  VIAVI SOLUTIONS INC. entered into Indenture with U.S. Bank Trust Company, National Association valued at $250 million aggregate principal amount (effective 2023-03-06).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $250 million aggregate principal amount
  - Effective: 2023-03-06
  source text: $250 million aggregate principal amount of its 1.625% Senior Convertible Notes due 2026 (the “New Notes”) under an Indenture, dated March 6, 2023 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/912093/000114036123010498/0001140361-23-010498-index.htm

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