{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-032510","form_type":"8-K","ticker":"VIAV","cik":"0000912093","company_name":"VIAVI SOLUTIONS INC.","filed_at":"2025-08-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.682872+00:00","generated_at":"2026-05-17T10:28:28.318806+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Viavi issues $250M 0.625% convertible notes due 2031, exchanges ~$97.5M of 2026 notes","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-032510","json":"https://secwatch.observer/filing/0001140361-25-032510.json","markdown":"https://secwatch.observer/filing/0001140361-25-032510.md","text":"https://secwatch.observer/filing/0001140361-25-032510.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/912093/000114036125032510/0001140361-25-032510-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/912093/000114036125032510/ny20053306x3_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T10:28:28.318806+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"23227ac417c3beb7367b071beb1149e7fa7b3e99","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/912093/000114036125032510/0001140361-25-032510-index.htm","confidence":0.97,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$250 million aggregate principal amount"},{"label":"Counterparty","value":"institutional accredited investors and qualified institutional buyers"},{"label":"Rate","value":"0.625% per annum"},{"label":"Maturity","value":"March 1, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}