Viavi Solutions Swaps $103 Million in Convertible Notes for 7.9 Million Shares
Reuters
Dec 16
Viavi Solutions Swaps $103 Million in Convertible Notes for 7.9 Million Shares
Viavi Solutions Inc. has announced that it has entered into privately negotiated agreements with certain holders of its 1.625% Convertible Senior Notes due 2026 to exchange $103.463 million in aggregate principal amount of these notes for 7,871,043 shares of its common stock at a price of $17.88 per share. Following the transaction, approximately $49.037 million of the 2026 Notes will remain outstanding. Viavi will not receive any cash proceeds from the exchange, which is expected to close on or about December 22, 2025, and will support the company's plan to prepay at least $100 million of its $600 million Term Loan Credit Facility over the next twelve months.
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