VIAVI issues $250M 0.625% convertible notes due 2031; exchanges $97.5M of 1.625% notes due 2026

VIAVI SOLUTIONS INC.

Issued $250M aggregate principal of 0.625% Senior Convertible Notes due 2031; $100.9M exchanged for ~$97.5M of 1.625% notes due 2026, $149.1M for cash.
Net cash proceeds ~$149.1M to repay portion of 2026 Notes at maturity; ~$152.5M of 2026 Notes remain outstanding after exchange.
Initial conversion price ~$13.79 per share (25% premium over $11.03 closing price on Aug 13, 2025).
Company to repurchase ~$30M of common stock at $11.03/share; placement agent to buy ~$25M at 5% discount.
Transactions expected to close on or about Aug 20, 2025, subject to customary conditions.

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