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AI brief of an SEC Form 8-K · Viavi Solutions (VIAV)

VIAVI issues $250 million of 2031 convertible notes, partly to repay 2026 debt

Neutral Impact 3 of 5 financing Written later

VIAVI agreed on August 13, 2025 to issue $250 million of 0.625% Senior Convertible Notes due 2031, with about $100.9 million exchanged for $97.5 million of its 2026 notes and about $149.1 million sold for cash. The company expects to use the cash proceeds to repay a portion of the 2026 notes at maturity, and about $152.5 million of 2026 notes will remain outstanding. The company also expects to repurchase about $30 million of its common stock at $11.03 per share, and the placement agent intends to buy about $25 million of shares, which could affect the stock price.

Key points

  • New notes: $250 million principal, 0.625% interest, maturing March 1, 2031; initial conversion price of about $13.79 per share
  • Exchange: about $100.9 million of new notes for about $97.5 million of 2026 notes; cash subscriptions of about $149.1 million
  • Share repurchase: about $30 million of common stock at $11.03 per share, equal to the August 13, 2025 closing price
  • Transactions expected to close on or about August 20, 2025

The filing

CompanyViavi Solutions (VIAV)
Form8-K, current report
Filed with the SECAug 14, 2025, 7:12 AM ET
Accession number0001140361-25-031023

Items reported: 1.01 Material Definitive Agreement8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 14, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.