EX-99.1 3 ef20061280_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 NEWS RELEASE VIAVI Announces Share Exchange for $103.463 Million Aggregate Principal Amount of its 1.625% Convertible Senior Notes Due 2026 Chandler, Arizona, December 16, 2025 - (NASDAQ: VIAV) Viavi Solutions Inc. (“VIAVI” or the “Company”) today announced that it has entered into separate, privately negotiated agreements with a limited number of holders (the “Transaction Participants”) of its existing 1.625% Convertible Senior Notes due 2026 (the “2026 Notes”) to exchange an aggregate principal amount of $103.463 million of 2026 Notes for an aggregate of 7,871,043 shares (“Shares”) of VIAVI’s common stock (the “Exchange”) at a price per share of $17.88. The Exchange is expected to close on or about December 22, 2025, subject to customary closing conditions. Immediately following the Exchange, approximately $49.037 million in aggregate principal amount of the 2026 Notes will remain outstanding. VIAVI will not receive any cash proceeds from the Exchange. The Exchange will facilitate the Company’s plan to prepay, over the next twelve months, a minimum of $100 million of the $600 million Term Loan Credit Facility exe…
Open exhibit ↗Current Report · Items 1.01, 3.02, 9.01 · 8-K
Viavi Solutions Inc.
VIAVNASDAQEQUITYCurrent
Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities
Item 1.01 Entry into a Material Definitive Agreement. On December 15, 2025, Viavi Solutions Inc. (the “Company”) entered into separate, privately negotiated agreements (the “Exchange Agreements”) with a limited number of existing holders (the “Transaction Participants”) of the Company’s currently outstanding 1.625% Convertible Senior Notes due 2026 (the “2026 Notes”).…
Company context
VIAVI (NASDAQ: VIAV) is a global leader in test and measurement and optical technologies. Our test and measurement, and resilient position, navigation and timing solutions enable and secure critical infrastructure ranging from data center ecosystems and communication networks to military, aerospace, railway and first responder communications. In addition, we develop and advance technologies used in high-volume optical applications across anti-counterfeiting, consumer electronics, aerospace, industrial and automotive end markets.