{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-038266","form_type":"8-K","ticker":"VIAV","cik":"0000912093","company_name":"VIAVI SOLUTIONS INC.","filed_at":"2025-10-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.575171+00:00","generated_at":"2026-05-17T03:39:31.724615+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Viavi closes $425M acquisition of Spirent testing business from Keysight; funds with $600M term loan","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-038266","json":"https://secwatch.observer/filing/0001140361-25-038266.json","markdown":"https://secwatch.observer/filing/0001140361-25-038266.md","text":"https://secwatch.observer/filing/0001140361-25-038266.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/912093/000114036125038266/0001140361-25-038266-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/912093/000114036125038266/ef20057008_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:39:31.724615+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":"699f14a88c40340d907202ad38dce2ecfa47242f","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/912093/000114036125038266/0001140361-25-038266-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$600 million"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"Term SOFR plus a margin of (a) 2.50% if the Company’s first lien leverage ratio"},{"label":"Maturity","value":"October 16, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c455a133e24e0c038caf10e4039a5a6e1d9c0f47","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/912093/000114036125038266/0001140361-25-038266-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$200 million"},{"label":"Counterparty","value":"Wells Fargo"},{"label":"Maturity","value":"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"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}