---
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"
generated_at: "2026-05-17T03:39:31.724615+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Viavi closes $425M acquisition of Spirent testing business from Keysight; funds with $600M term loan

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-038266
- JSON: https://secwatch.observer/filing/0001140361-25-038266.json
- Plain text: https://secwatch.observer/filing/0001140361-25-038266.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/912093/000114036125038266/0001140361-25-038266-index.htm
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/912093/000114036125038266/0001140361-25-038266-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.