VIAVI plans $500 million stock offering to repay debt

Viavi Solutions Inc. (NASDAQ: VIAV) announced plans for an underwritten public offering of approximately $500 million worth of common stock shares, subject to market and other conditions.

The company will grant underwriters a 30-day option to purchase up to an additional 15% of the shares at the proposed offering price, minus underwriting discounts and commissions. All shares in the proposed offering will be sold by VIAVI.

VIAVI intends to use the net proceeds to repay the $450 million aggregate principal amount of its Term Loan B. Any excess proceeds will fund working capital or other general corporate purposes.

Stifel and Needham & Company are serving as joint book-running managers for the proposed offering, with UBS Investment Bank also acting as a bookrunner.

The securities will be offered pursuant to a shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on August 11, 2025, which became automatically effective upon filing. A preliminary prospectus supplement and accompanying prospectus will be filed with the SEC.

The company stated there can be no assurance regarding whether or when the proposed offering may be completed, or the actual size or terms of the offering.

VIAVI operates as a test and measurement and optical technologies company, providing solutions for data center ecosystems, communication networks, and various other sectors including military, aerospace, and automotive markets.

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