VIAVI to exchange $103.463 million of 2026 notes for 7,871,043 shares
VIAVI Solutions agreed to exchange $103.463 million of its 1.625% Convertible Senior Notes due 2026 with a limited number of institutional holders for 7,871,043 common shares at $17.88 per share. The exchange is expected to close on or about December 22, 2025, and the company will receive no cash proceeds. It reduces the company's outstanding convertible debt, but it adds new shares that will be issued to these holders.
Key points
- Exchange covers $103.463 million principal of the 2026 Notes for 7,871,043 shares at $17.88 per share
- Expected closing on or about December 22, 2025, subject to customary closing conditions
- About $49.037 million of 2026 Notes will remain outstanding after the exchange
- Company plans to use the exchange to help prepay at least $100 million of its $600 million Term Loan Credit Facility over the next twelve months
The filing
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 December 16, 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.