NasdaqGS:VIAVCommunications
Viavi Solutions (VIAV): Evaluating Valuation After $250 Million Convertible Notes Capital Raise
If you’ve been watching Viavi Solutions (VIAV) lately, you probably noticed the stock making moves following the company’s announcement of a $250 million senior convertible notes issuance. This deal includes swapping around $101 million of new notes for existing debt and raising about $149 million in fresh cash, targeting professional investors. For anyone weighing what to do with VIAV, this balance sheet play is more than just a technical move. New capital and a longer maturity profile could...