secwatch.observer — SEC 8-K summary
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Issuer:     VIAVI SOLUTIONS INC. (VIAV)
CIK:        0000912093
Form:       8-K
Filed at:   2025-12-16T23:59:59+00:00
Accession:  0001140361-25-045595
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912093/000114036125045595/0001140361-25-045595-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912093/000114036125045595/ef20061280_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-045595

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