Viavi Solutions Inc.
Viavi Solutions Announces Convertible Note Transactions and Share Repurchase
Summary
On August 13, 2025, Viavi Solutions Inc. announced entering into exchange and subscription agreements for $250 million of 0.625% Senior Convertible Notes due 2031. This involved exchanging $97.5 million of 2026 notes and issuing new notes for cash. The company expects to use the proceeds to repay a portion of the 2026 notes. Additionally, Viavi plans to repurchase approximately $30 million of its common stock and has been informed that a placement agent intends to purchase about $25 million of its common stock. These transactions are expected to close around August 20, 2025.
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About Viavi Solutions Inc.
Viavi Solutions Inc. is a leading global provider of network test, monitoring, and assurance solutions for communications service providers, enterprises, and network equipment manufacturers. With a diverse product portfolio, the company plays a critical role in enabling the smooth operation and optimization of networks worldwide. Viavi's offerings include advanced fiber optic testing solutions, wireless RF performance tools, and network performance monitoring software. These products are crucial in sectors such as telecommunications, aerospace & defense, and manufacturing, where they help ensure the reliability and efficiency of complex networks. Founded in 1923 and headquartered in San Jose, California, Viavi has established a significant presence in the market, known for its innovation and expertise in network testing tools. The company's solutions are instrumental in addressing the demands of rapid technological advancements and the growing need for high-speed, reliable connectivity. With the evolution of networks towards 5G and beyond, Viavi Solutions Inc. remains at the forefront, providing essential technologies that support the deployment and maintenance of next-generation communications infrastructure.
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