Corporate ActionMay 21, 2026, 08:07 AM
Viavi Solutions Raises $557.2M from Stock Offering to Repay Debt
AI Summary
Viavi Solutions Inc. announced it entered into an underwriting agreement for a public offering of 11,111,111 shares of its common stock at $45.00 per share. The underwriters fully exercised an option to purchase an additional 1,666,666 shares. The company expects to receive approximately $557.2 million in net proceeds, which it intends to use primarily to repay a $450 million term loan facility, with any remaining funds allocated to working capital or general corporate purposes.
Key Highlights
- Viavi Solutions entered an underwriting agreement for a public offering of 11,111,111 shares of common stock.
- The public offering price was $45.00 per share.
- Underwriters exercised an option to purchase an additional 1,666,666 shares of common stock.
- The net proceeds to the company from the offering are approximately $557.2 million.
- Proceeds will be used to repay a $450 million term loan facility.
- Any excess net proceeds will be used for working capital or general corporate purposes.
- Company, executive officers, and directors entered into 60-day lock-up arrangements.
Price Impact
More from VIAV