VIAVI SOLUTIONS INC. (VIAV): debt financing — Viavi closes $425M acquisition of Spirent testing business from Keysight; funds with $600M term loan

VIAVI SOLUTIONS INC.

Closed acquisition of Spirent high-speed ethernet, network security and channel emulation business from Keysight for $425M cash.
Expected to add ~$180M to NSE revenue in first 12 months; accretive to non-GAAP EPS 12 months post-close.
Entered $600M term loan credit agreement with Wells Fargo, maturing Oct 16, 2032; interest at Term SOFR + 2.25%-2.50% or base rate + 1.25%-1.50%.
Revolver facility reduced from $300M to $200M; maturity extended to Oct 16, 2030 or earlier.
Transaction adds complementary product portfolio in ethernet, application performance, security, AI, and digital infrastructure.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

VIAVI SOLUTIONS INC. incurred term loan of $600 million with Wells Fargo Bank, National Association at Term SOFR plus a margin of (a) 2.50% if the Company’s first lien leverage ratio maturing October 16, 2032.

Instrument: term loan
Principal: $600 million
Counterparty: Wells Fargo Bank, National Association
Rate: Term SOFR plus a margin of (a) 2.50% if the Company’s first lien leverage ratio
Maturity: October 16, 2032
Event: incurrence

Exact text from the filing

The Term Loan Credit Agreement provides for a senior secured term loan facility in an aggregate principal amount of $600 million (the “Term Loans”), which was borrowed in full at closing and which matures on October 16, 2032.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

VIAVI SOLUTIONS INC. amended revolving credit of $200 million with Wells Fargo maturing the earlier of October 16, 2030 and a springing maturity date 91 days prior to the maturity of certain existing notes issued by the Company.

Instrument: revolving credit
Principal: $200 million
Counterparty: Wells Fargo
Maturity: the earlier of October 16, 2030 and a springing maturity date 91 days prior to the maturity of certain existing notes issued by the Company
Event: amendment

Exact text from the filing

The Amendment decreases the size of the revolving credit facility from an aggregate principal amount of $300 million to $200 million, and extends the maturity date of the Amended ABL Credit Agreement to the earlier of October 16, 2030 and a springing maturity date 91 days prior to the maturity of certain existing notes issued by the Company.

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312 debt financings filed in the last 30 days. Browse all debt financings →

VIAVI SOLUTIONS INC. filing history →

Source: SEC EDGAR

accession 0001140361-25-038266

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