Viavi Solutions Inc. (NASDAQ:VIAV) Files An 8-K Other EventsItem 8.01. Other Events.
On July 25, 2018, Viavi Solutions Inc. (the “Company”) announced that it has extended the expiration time for the previously announced right of holders of its 0.625% Senior Convertible Notes due 2033 (the “Notes”) to surrender their Notes for purchase by the Company to their option (the “Put Option”) under the Indenture governing the Notes, dated as of August 21, 2013. The opportunity to surrender Notes for purchase to the Put Option, or validly withdraw Notes previously surrendered, now expires at 12:00 midnight, New York City time, at the end of the day on August 14, 2018 (as so extended, the “Expiration Date”). The Put Option was originally set to expire at 5:00 p.m., New York City time, on August 14, 2018. Except for the extension of the Expiration Date, all of the terms of the Put Option remain unchanged.
The foregoing description of the Put Option extension is only a summary and is qualified in its entirety by reference to the Amendment to Company Repurchase Notice, a copy of which is filed as Exhibit 99.1 to this Current Report on Form 8-K, and the press release announcing the Put Option extension, a copy of which is filed as Exhibit 99.2 to this Current Report on Form 8-K, each of which is incorporated in this Item 8.01 by reference.
Item 8.01Financial Statements and Exhibits.
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Exhibit No. |
Description |
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Amendment to Company Repurchase Notice, dated July 25, 2018 (incorporated by reference to Exhibit(a)(1)(C) to the Company’s Amendment No. 1 to ScheduleTO filed on July 25, 2018). |
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Press Release, dated July 25, 2018 (incorporated by reference to Exhibit(a)(5)(B) to the Company’s Amendment No. 1 to ScheduleTO filed on July 25, 2018). |
About Viavi Solutions Inc. (NASDAQ:VIAV)
Viavi Solutions Inc. (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets. The Company’s segments include Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP). The NE segment provides testing solutions that access the network to perform build-out and maintenance tasks. The SE segment offers solutions, which are embedded systems that yield network, service and application performance data. The OSP segment provides optical security solutions. The OSP segment’s security offerings for the currency market include Optically Variable Pigment (OVP), Optically Variable Magnetic Pigment (OVMP) and banknote thread substrates.
