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

VIAVI SOLUTIONS INC.

$250M aggregate principal of New Notes: ~$100.9M exchanged for $97.5M of existing 2026 Notes, ~$149.1M for cash.
Gross cash proceeds from Subscription Transactions expected ~$149.1M, net of fees.
Initial conversion rate: 72.5295 shares per $1,000 principal; conversion price ~$13.79 (25% premium to $11.03 close).
Maximum shares issuable upon conversion: 22,665,450 shares of common stock.
New Notes carry 0.625% coupon, mature 2031; offered to accredited investors and QIBs under Rule 144A/Reg D.

item 3.02

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