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VIAVI Announces Pricing of $400 Million in Senior Unsecured Notes Due 2029
SCOTTSDALE, Ariz., Sept. 23, 2021 /PRNewswire/ -- (NASDAQ: VIAV) Viavi Solutions Inc. ("VIAVI" or the "Company") today announced the pricing of $400 million
About this update from Viavi Solutions Inc.
[{"type":"text","content":"SCOTTSDALE, Ariz., Sept. 23, 2021 /PRNewswire/ -- (NASDAQ: VIAV) Viavi Solutions Inc. (\"VIAVI\" or the \"Company\") today announced the pricing of $400 million aggregate principal amount of 3.750% senior unsecured notes due 2029 (the \"Notes\") in a private offering to qualified institutional buyers pursuant to Rule 144A and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act of 1933, as amended (the \"Securities Act\"). The sale of the Notes to the initial purchasers is expected to settle on September 29, 2021, subject to customary closing conditions. The Notes will be senior unsecured obligations of the Company and will be guaranteed by the domestic restricted subsidiaries of the Company that guarantee the Company's obligations under its existing credit facility, except for certain immaterial subsidiaries.\n\n \n \n \n \n \n \n\n \nThe Notes will pay interest semi-annually in arrears on April 1 and October 1 of each year, beginning on April 1, 2022, at a rate of 3.75% per year. The Notes will mature on October 1, 2029 unless earlier repurchased or redeemed in accordance with their terms.\nThe Company estimates that the net proceeds from the offering of Notes will be approximately $393 million, after deducting the initial purchasers' discounts and commissions and estimated offering expenses payable by the Company.\nThe Notes have not been and are not expected to be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.\nThis press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. Offers of the securities were made only by means of a private offering memorandum.\nAbout VIAVI SolutionsVIAVI (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. We help these customers harness the power of instruments, automation, intelligence and virtualization to command the network. VIAVI is also a...