secwatch.observer — SEC 8-K summary
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Issuer:     VIAVI SOLUTIONS INC. (VIAV)
CIK:        0000912093
Form:       8-K
Filed at:   2025-08-25T23:59:59+00:00
Accession:  0001140361-25-032510
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viavi issues $250M 0.625% convertible notes due 2031, exchanges ~$97.5M of 2026 notes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912093/000114036125032510/0001140361-25-032510-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912093/000114036125032510/ny20053306x3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-032510

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer