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VIAVI Announces Completion of Redemption of Its 0.625% Senior Convertible Notes due 2033SAN JOSE, Calif., Oct. 12, 2018 /PRNewswire/ -- (NASDAQ: VIAV) Viavi Solutions Inc. ("VIAVI") today announced that it completed its previously announced redemption of all of its outstanding 0.625% Senior Convertible Notes Due 2033 (CUSIP No. 46612JAF8) (the "Notes") on October 10, 2018 (the "Redemption Date"). In connection with the redemption, holders of $111,997,000 aggregate principal amount of Notes converted their Notes in accordance with the terms and conditions of the Notes. In settlement of those conversions, VIAVI paid an aggregate of approximately $111.8 million in cash, including cash in lieu of fractional shares, and issued 231,795 shares of its common stock in the aggregate. VIAVI redeemed the remaining $30,738,000 aggregate principal amount of outstanding Notes in accordance with its notice of redemption dated September 5, 2018. VIAVI paid to the registered holders of the Notes that were redeemed an aggregate of approximately $30.8 million, including accrued and unpaid interest to, but excluding, the Redemption Date. No Notes remain outstanding following the conversions and the redemption described in this press release. About VIAVI Solutions
View original content to download multimedia:http://www.prnewswire.com/news-releases/viavi-announces-completion-of-redemption-of-its-0-625-senior-convertible-notes-due-2033--300729937.html SOURCE VIAVI Financials |