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VIAVI Announces Share Exchange for $103.463 Million Aggregate Principal Amount of its 1.625% Convertible Senior Notes Due 2026
CHANDLER, Ariz., Dec. 16, 2025 /PRNewswire/ -- (NASDAQ: VIAV) Viavi Solutions Inc. ("VIAVI" or the "Company") today announced that it has entered into
About this update from Viavi Solutions Inc.
[{"type":"text","content":"CHANDLER, Ariz., Dec. 16, 2025 /PRNewswire/ -- (NASDAQ: VIAV) Viavi Solutions Inc. (\"VIAVI\" or the \"Company\") today announced that it has entered into separate, privately negotiated agreements with a limited number of holders (the \"Transaction Participants\") of its existing 1.625% Convertible Senior Notes due 2026 (the \"2026 Notes\") to exchange an aggregate principal amount of $103.463 million of 2026 Notes for an aggregate of 7,871,043 shares (\"Shares\") of VIAVI's common stock (the \"Exchange\") at a price per share of $17.88.\n \n \n \n \n \n \n \nThe Exchange is expected to close on or about December 22, 2025, subject to customary closing conditions. Immediately following the Exchange, approximately $49.037 million in aggregate principal amount of the 2026 Notes will remain outstanding. VIAVI will not receive any cash proceeds from the Exchange. The Exchange will facilitate the Company's plan to prepay, over the next twelve months, a minimum of $100 million of the $600 million Term Loan Credit Facility executed in October 2025.The Transaction Participants are reasonably believed to be institutional \"accredited investors\" within the meaning of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act and \"qualified institutional buyers\" as defined in Rule 144A promulgated under the Securities Act. The offer and sale of the Shares have not been registered under the Securities Act or under any state securities laws and may not be offered or sold without registration under, or an applicable exemption from, the registration requirements of the Securities Act and any applicable state securities laws. This announcement does not constitute an offer to sell, nor is it a solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or any jurisdiction.About VIAVI SolutionsVIAVI (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions for telecommunications, cloud, enterprises, first responders, military, aerospace and railway. VIAVI is also a leader in light management technologies for 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive, government...