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

Viavi Solutions issues $250 million of 0.625% convertible notes due 2031

Neutral Impact 3 of 5 financing Written later

Viavi Solutions issued $250 million of 0.625% senior convertible notes due March 1, 2031, under an indenture dated August 20, 2025. About $97.5 million of its 1.625% notes due 2026 were exchanged for about $100.9 million of the new notes, and $149.1 million of new notes were sold for cash, with the company expecting to use the net proceeds to repay part of the 2026 notes at maturity. The filing shows added debt and possible future share issuance on conversion, with up to 22,665,450 shares initially issuable.

Key points

  • $250 million aggregate principal of 0.625% senior convertible notes due March 1, 2031, dated August 20, 2025.
  • About $97.5 million of 1.625% notes due 2026 exchanged for about $100.9 million of new notes.
  • Gross cash proceeds of about $149.1 million from the subscription transactions, before fees and expenses.
  • Initial conversion price of about $13.79 per share, a 25% premium to the $11.03 closing price on August 13, 2025; up to 22,665,450 shares initially issuable on conversion.

The filing

CompanyViavi Solutions (VIAV)
Form8-K, current report
Filed with the SECAug 25, 2025, 4:21 PM ET
Accession number0001140361-25-032510

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale

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 25, 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.