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VIAVI Announces Completion of Offer to Repurchase at the Option of Holders of Its 0.625% Senior Convertible Notes due 2033SAN JOSE, Calif., Aug. 15, 2018 /PRNewswire/ -- (NASDAQ: VIAV) Viavi Solutions Inc. ("VIAVI") today announced the completion of the previously announced right of holders of its 0.625% Senior Convertible Notes due 2033 (CUSIP No. 46612J AF8) (the "Notes") to surrender their Notes for purchase by VIAVI pursuant to their option (the "Put Option") under the Indenture governing the Notes, dated as of August 21, 2013 (the "Indenture"). The Put Option expired at 12:00 midnight, New York City time, at the end of the day on August 14, 2018. At the expiration of the Put Option, $134,284,000.00 aggregate principal amount of Notes were validly surrendered and not validly withdrawn. The repurchase of the Notes will be funded by VIAVI's available cash. After giving effect to the repurchase pursuant to the Put Option, $142,735,000.00 aggregate principal amount of Notes remains outstanding. Forward-Looking Statements For more information on these and other risks affecting VIAVI's business and any forward-looking statements, please refer to the "Risk Factors" section included in Part I, Item 1A of VIAVI's Annual Report on Form 10-K for the year ended July 1, 2017 filed with the Securities and Exchange Commission ("SEC") on August 29, 2017, and other reports filed from time to time with the SEC. The forward-looking statements contained in this news release are made as of the date hereof and VIAVI does not assume any obligation to update such statements. About VIAVI Solutions
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