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Viavi holders convert $112 million 0.625% convertibles ahead of call
By Susanna Moon
Chicago, Oct. 12 – Viavi Solutions Inc. said holders converted $111,997,000 principal amount of its $142,735,000 0.625% senior convertible notes due 2033 ahead of redemption on Oct. 10.
To settle those conversions, Viavi paid $111.8 million in cash and issued 231,795 shares of its common stock, according to an announcement.
As announced Sept. 5, the company called the convertibles to be redeemed on Oct. 10 at par plus accrued interest up to but excluding the redemption date.
The company said it redeemed the remaining $30,738,000 principal amount of outstanding notes for a redemption price of about $30.8 million, including accrued interest.
Viavi is a Milpitas, Calif.-based network test, measurement and assurance technology company.
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