secwatch.observer — SEC 8-K summary
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Issuer:     VIAVI SOLUTIONS INC. (VIAV)
CIK:        0000912093
Form:       8-K
Filed at:   2025-08-19T23:59:59+00:00
Accession:  0001140361-25-031900
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.02
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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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912093/000114036125031900/0001140361-25-031900-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912093/000114036125031900/ny20053306x4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-031900

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