secwatch.observer — SEC 8-K summary
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Issuer:     VIAVI SOLUTIONS INC. (VIAV)
CIK:        0000912093
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001140361-23-010498
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912093/000114036123010498/0001140361-23-010498-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912093/000114036123010498/brhc10049291_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-010498

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer