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.

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