Orrick represented Viavi Solutions Inc. (“VIAVI”) in private exchange transactions of $151.5 million aggregate principal amount of its 0.625% Senior Convertible Notes due 2033 for $155.5 million aggregate principal amount of its newly issued 1.75% Senior Convertible Notes due 2023 (the “New Notes”) and the issuance of $69.5 million aggregate principal amount of New Notes in a concurrent private placement to institutional accredited investors. The transactions closed on May 29, 2018.
VIAVI (Nasdaq: VIAV) is a global provider of network test, monitoring and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil, government, military and avionics customers, supported by a worldwide channel community including VIAVI Velocity Partners.
The Orrick team that advised VIAVI on these transactions was led by Capital Markets partner Stephen Ashley. Other members of the Orrick team included Kenneth Marx, Maria Bergenhem, Marley Brison, John Narducci and Stephen Lessard.