secwatch.observer — SEC 8-K summary
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Issuer:     VIAVI SOLUTIONS INC. (VIAV)
CIK:        0000912093
Form:       8-K
Filed at:   2025-08-14T23:59:59+00:00
Accession:  0001140361-25-031023
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912093/000114036125031023/0001140361-25-031023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912093/000114036125031023/ny20053306x2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-031023

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