Viavi Solutions Plans $500 Million Stock Offering

MT Newswires Live

05/20

Viavi Solutions (VIAV) said Tuesday it plans to offer about $500 million of common stock in an underwritten public offering.

The company said it will grant underwriters a 30-day option to purchase up to an additional 15% of shares sold in the offering.

Viavi Solutions said it intends to use net proceeds to repay its $450 million of Term Loan B, with any remaining proceeds to be used for working capital and other general corporate purposes.

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