other material
confidence high
sentiment neutral
materiality 0.85
Viavi Solutions prices 11.1M common stock offering at $45/share; net proceeds ~$557M for debt repayment
VIAVI SOLUTIONS INC.
- Underwriting for 11,111,111 shares at $45.00; underwriters' option for 1,666,666 additional shares fully exercised.
- Net proceeds estimated at $557.2 million after underwriting discounts and estimated expenses.
- Proceeds to repay $450 million term loan facility entered in March 2025; balance for working capital.
- 60-day lock-up agreements on company securities for executives, directors, and company.
- Offering under existing shelf registration; final prospectus supplement filed May 20, 2026.