VIAVI SOLUTIONS INC. (VIAV): debt financing — Viavi issues $250M 0.625% convertible notes due 2031, exchanges ~$97.5M of 2026 notes

VIAVI SOLUTIONS INC.

Issued $250M aggregate principal of 0.625% Senior Convertible Notes due March 1, 2031.
Exchanged ~$100.9M of new notes for ~$97.5M of 1.625% 2026 notes; ~$149.1M sold for cash.
Net cash proceeds of ~$149.1M to be used to repay portion of 2026 notes at maturity.
Initial conversion rate 72.5295 shares per $1,000 (conversion price ~$13.79, ~25% premium).
No redemption before Sept 6, 2028; thereafter conditional on stock price ≥130% of conversion price.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.97

VIAVI SOLUTIONS INC. incurred convertible notes of $250 million aggregate principal amount with institutional accredited investors and qualified institutional buyers at 0.625% per annum maturing March 1, 2031.

Instrument: convertible notes
Principal: $250 million aggregate principal amount
Counterparty: institutional accredited investors and qualified institutional buyers
Rate: 0.625% per annum
Maturity: March 1, 2031
Event: incurrence

Exact text from the filing

On August 20, 2025, in connection with the consummation of previously announced private transactions, Viavi Solutions Inc. (the “Company”) issued $250 million aggregate principal amount of its 0.625% Senior Convertible Notes due 2031 (the “New Notes”) under an Indenture, dated August 20, 2025 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee.

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VIAVI SOLUTIONS INC. filing history →

Source: SEC EDGAR

accession 0001140361-25-032510

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