VIAVI prices $500 million stock offering at $45 per share

VIAVI Solutions Inc. (NASDAQ: VIAV) announced the pricing of an underwritten public offering of 11,111,111 shares of common stock at $45.00 per share. The company expects to receive approximately $500 million in gross proceeds before deducting underwriting fees and other offering expenses.

The offering is scheduled to close on May 21, 2026, subject to customary closing conditions. VIAVI has granted underwriters a 30-day option to purchase up to an additional 1,666,666 shares at the public offering price, less underwriting fees.

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

Stifel and Needham & Company serve as joint book-running managers for the offering. UBS Investment Bank is acting as a bookrunner, while B. Riley Securities, Northland Capital Markets, Rosenblatt, and BMO Capital Markets are co-managers.

The securities are being offered under a shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on August 11, 2025. A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC.

VIAVI operates as a provider of test and measurement and optical technologies, serving industries including telecommunications, aerospace, automotive, and consumer electronics.

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