Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

VIAVI SOLUTIONS INC.

(VIAV)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

VIAVI : Announces Closing of Notes Offering (Form 8-K)

09/29/2021 | 05:32pm EST
VIAVI Announces Closing of Notes Offering

Scottsdale, Arizona, September 29, 2021 - (NASDAQ: VIAV) Viavi Solutions Inc. ("VIAVI" or the "Company") today announced the closing of its offering of $400 million aggregate principal amount of 3.750% senior unsecured notes due 2029 (the "Notes") in a private offering to qualified institutional buyers pursuant to Rule 144A and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). The Company estimates that the net proceeds from the offering of Notes will be approximately $393 million, after deducting the initial purchasers' discounts and commissions and estimated offering expenses payable by the Company.

"We are pleased with the successful issuance of our first high yield notes at an attractive rate. This completes an important step in optimizing our capital structure and we expect will create the financial flexibility to allow us to execute our growth objectives." said Oleg Khaykin, VIAVI's President and Chief Executive Officer.

The net proceeds of the Notes issuance will be used for general corporate purposes, including to replenish funds previously used to retire indebtedness. Assuming current stock price levels, after the completion of the previously announced repurchase to offset the shares issued to retire the convertible notes, the impact to non-GAAP quarterly earnings per share is expected to be immaterial.

The Notes have not been and are not expected to be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. Offers of the Notes were made only by means of a private offering memorandum.

About VIAVI Solutions
VIAVI (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. We help these customers harness the power of instruments, automation, intelligence and virtualization to Command the network. VIAVI is also a leader in light management solutions for 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive, and defense applications.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include statements regarding the Company's current expectations regarding the transactions described in this press release and the anticipated use of proceeds and financial impacts therefrom, and can be identified by the fact that they do not relate strictly to historical or current facts. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. For more information on these risks, please refer to the "Risk Factors" section included in the Company's Annual Report on Form 10-K filed August 23, 2021, which was filed with the Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date thereof and the Company assumes no obligation to update such statements.

Investors Contact:Bill Ong, 408-404-4512; bill.ong@viavisolutions.com
Source: VIAVI Financials

Disclaimer

Viavi Solutions Inc. published this content on 29 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2021 21:31:08 UTC.


ę Publicnow 2021
All news about VIAVI SOLUTIONS INC.
12/01Viavi Solutions Provides ONMSi Service to XL Axiata
MT
12/01VIAVI Equips XL Axiata for 5G with Remote Fiber Test and Monitoring
PR
11/17VIAVI SOLUTIONS INC. : Submission of Matters to a Vote of Security Holders (form 8-K)
AQ
11/16VIAVI Announces 3D Network Observability Spanning SaaS, On-Premises and Remote Environm..
CI
11/15VIAVI : Announces 3D Network Observability Spanning SaaS, On-Premises and Remote Environme..
PU
11/08VIAVI SOLUTIONS INC. Management's Discussion and Analysis of Financial Condition and R..
AQ
11/08Tranche Update on Viavi Solutions Inc.'s Equity Buyback Plan announced on September 17,..
CI
11/06Q122 Transcript
PU
11/04VIAV SOLUTIONS : Fiscal Q1 Earnings Snapshot
AQ
11/04VIAVI ANNOUNCES FIRST QUARTER FISCAL 2022 RESULTS - Form 8-K
PU
More news
Analyst Recommendations on VIAVI SOLUTIONS INC.
More recommendations
Financials (USD)
Sales 2022 1 263 M - -
Net income 2022 -224 M - -
Net cash 2022 673 M - -
P/E ratio 2022 -16,1x
Yield 2022 -
Capitalization 3 525 M 3 525 M -
EV / Sales 2022 2,26x
EV / Sales 2023 2,06x
Nbr of Employees 3 600
Free-Float 99,0%
Chart VIAVI SOLUTIONS INC.
Duration : Period :
Viavi Solutions Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VIAVI SOLUTIONS INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Last Close Price 14,83 $
Average target price 19,94 $
Spread / Average Target 34,4%
EPS Revisions
Managers and Directors
Oleg Khaykin President, Chief Executive Officer & Director
Hendrikus Petrus Cornelis Derksen Chief Financial Officer & Executive Vice President
Richard E. Belluzzo Chairman
Ralph Rondinone Senior Vice President-Global Operations & Services
Masood A. Jabbar Independent Director
Sector and Competitors
1st jan.Capi. (M$)
VIAVI SOLUTIONS INC.-0.97%3 525
CISCO SYSTEMS, INC.22.55%232 095
MOTOROLA SOLUTIONS, INC.44.63%41 540
ARISTA NETWORKS, INC.67.11%37 301
FOXCONN INDUSTRIAL INTERNET CO., LTD.-17.75%35 131
ERICSSON-3.88%34 607