VIAVI exchanges $103.5M of 1.625% convertible notes for 7.87M shares at $17.88 ea.

VIAVI SOLUTIONS INC.

Exchange of $103.463M aggregate principal of 2026 Notes for 7,871,043 common shares at $17.88 per share.
After exchange, ~$49.037M of the 2026 Notes remain outstanding; no cash proceeds to VIAVI.
Exchange expected to close December 22, 2025; shares issued in private placement exempt from registration.
Proceeds from exchange will facilitate prepayment of at least $100M of the $600M Term Loan Credit Facility (Oct 2025).
Transaction participants are institutional accredited investors and QIBs.

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