Viavi plans USD 500 million follow-on common stock offering
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Viavi Solutions plans a public offering of approximately USD 500 million in common stock, subject to market conditions. Underwriters have a 30-day option to purchase an additional 15% of shares. Proceeds will be used to repay USD 450 million of Term Loan B, with any remaining funds allocated for working capital or general corporate purposes. Stifel, Needham, and UBS Investment Bank are the bookrunners.
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