VIAVI Solutions Inc. (NASDAQ: VIAV) announced the pricing of an underwritten public offering of 11,111,111 shares of common stock at $45.00 per share. The company expects to receive approximately $500 million in gross proceeds before underwriting fees and other offering expenses.

The offering is scheduled to close on May 21, 2026, subject to customary closing conditions. VIAVI has granted underwriters a 30-day option to purchase up to an additional 1,666,666 shares at the public offering price, less underwriting fees.

The company plans to use net proceeds to repay the $450 million aggregate principal amount of its Term Loan B. Any remaining proceeds will fund working capital or other general corporate purposes.

Stifel and Needham & Company are serving as joint book-running managers for the offering. UBS Investment Bank is also acting as a bookrunner. B. Riley Securities, Northland Capital Markets, Rosenblatt, and BMO Capital Markets are serving as co-managers.

The securities are being offered pursuant to a shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on August 11, 2025. The registration statement became automatically effective upon filing.

VIAVI develops test and measurement and optical technologies for critical infrastructure including data center ecosystems and communication networks. The company also advances technologies used in optical applications across anti-counterfeiting, consumer electronics, aerospace, industrial and automotive markets.