Viavi Solutions Prices $500 Million Public Offering at $45 a Share
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Viavi Solutions has priced its public offering of approximately 11.1 million shares at $45 each, totaling around $500 million. The company has granted underwriters a 30-day option for an additional 1.7 million shares. Proceeds will be used to repay a $450 million Term Loan B and for general corporate purposes. Viavi shares fell over 4% in premarket trading.
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