# EDGAR Filing Document

**Accession Number:** 0000912093
**File Stem:** 0001140361-25-038266
**Filing Date:** 2025-10
**Character Count:** 13783
**Document Hash:** a4c5a97283af01d3967964a920aee329
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-038266.hdr.sgml**: 20251016

**ACCESSION NUMBER**: 0001140361-25-038266

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20251016

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251016

**DATE AS OF CHANGE**: 20251016

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VIAVI SOLUTIONS INC.
- **CENTRAL INDEX KEY:** 0000912093
- **STANDARD INDUSTRIAL CLASSIFICATION:** SEMICONDUCTORS & RELATED DEVICES [3674]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 942579683
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0628

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-22874
- **FILM NUMBER:** 251396580

**BUSINESS ADDRESS:**
- **STREET 1:** 1445 SOUTH SPECTRUM BLVD.
- **STREET 2:** SUITE 102
- **CITY:** CHANDLER
- **STATE:** AZ
- **ZIP:** 85286
- **BUSINESS PHONE:** 4084043600

**MAIL ADDRESS:**
- **STREET 1:** 1445 SOUTH SPECTRUM BLVD.
- **STREET 2:** SUITE 102
- **CITY:** CHANDLER
- **STATE:** AZ
- **ZIP:** 85286

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JDS UNIPHASE CORP /CA/
- **DATE OF NAME CHANGE:** 19990713

?xml version='1.0' encoding='ASCII'?

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### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### WASHINGTON, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): October 16, 2025

## VIAVI SOLUTIONS INC.
*(Exact name of Registrant as Specified in Its Charter)*

---

| | | |
|:---|:---|:---|
| **DELAWARE**<br>| **000-22874**<br>| **94-2579683**<br>|
| (*State or Other Jurisdiction of Incorporation*) | (*Commission File Number*) | (*IRS Employer Identification No*.) |

---

#### 1445 South Spectrum Blvd, Suite 102,

#### Chandler, Arizona 85286
*(Address of principal executive offices) (Zip Code)*

(408) 404-3600

*(Registrant's telephone number, including area code)*

---

| |
|:---|
| **Not Applicable** |
| (Former Name or Former Address, if Changed Since Last Report) |

---

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| **Common Stock, $0.001 par value** | **VIAV** | **The NASDAQ Stock Market LLC**<br>|

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 1.01** | **Entry into a Material Definitive Agreement.** |

---

On October 16, 2025 (the "Closing Date"), Viavi Solutions Inc. (the "Company") completed its previously announced acquisition of Spirent Communications plc's high-speed ethernet, network security and channel emulation testing business from Keysight Technologies, Inc. (the "Transaction"). In connection with the closing of the Transaction on the Closing Date, the Company entered into a term loan credit agreement (the "Term Loan Credit Agreement") with Wells Fargo Bank, National Association ("Wells Fargo"), as agent, and the lenders party thereto. The Term Loan Credit Agreement provides for a senior secured term loan facility in an aggregate principal amount of $600 million (the "Term Loans"), which was borrowed in full at closing and which matures on October 16, 2032. The proceeds from the Term Loans will be used to finance a portion of the Transaction and related transactions, to pay fees and expenses relating to the Transaction, the Term Loan Credit Agreement and the transactions contemplated by each of the foregoing, and for working capital and other general corporate purposes. The obligations under the Term Loan Credit Agreement are secured by substantially all of the assets of the Company and those of its domestic subsidiaries that are guarantors under the Term Loan Credit Agreement.

Amounts outstanding under the Term Loan Credit Agreement accrue interest at a per annum rate equal to either, at the Company's election, (i) Term SOFR plus a margin of (a) 2.50% if the Company's first lien leverage ratio is greater than 0.90 to 1.00, or (b) 2.25% if the Company's first lien leverage ratio is less than or equal to 0.90 to 1.00, or (ii) a specified base rate plus a margin of (a) 1.50% if the Company's first lien leverage ratio is greater than 0.90 to 1.00 or (b) 1.25% if the Company's first lien leverage ratio is less than or equal to 0.90 to 1.00. The Term Loans will partially amortize in quarterly principal payments of 1.00% per annum, commencing on March 31, 2026. The Company may, at its option, prepay the Term Loans in whole or in part at any time; provided that, if such prepayment is made on or prior to the six-month anniversary of the Closing Date in connection with certain repricing transactions or an amendment to the Term Loan Credit Agreement resulting in certain repricing transactions, the Company shall pay a 1.00% prepayment premium on such Term Loans prepaid or otherwise subject to such repricing transaction. The Term Loans are subject to mandatory prepayment in the event of specified asset dispositions, excess cash flows and unpermitted debt issuances, in each case subject to applicable exceptions and thresholds.

The covenants of the Term Loan Credit Agreement include customary restrictive covenants that, among other things, restrict the Company's ability to incur additional indebtedness, grant liens, make certain acquisitions, investments, asset dispositions and restricted payments, undertake fundamental changes and enter into restrictive agreements, in each case subject to certain exceptions.

The Term Loan Credit Agreement includes customary events of default, and customary rights and remedies upon the occurrence of any event of default thereunder, including rights to accelerate the loans and realize upon the collateral securing the obligations under the Term Loan Credit Agreement and any related guarantees thereof.

On the Closing Date, the Company also entered into an amendment to its existing revolving credit agreement (the "Amendment;" the credit agreement as amended by the Amendment, the "Amended ABL Credit Agreement") with certain subsidiary borrowers party thereto, Wells Fargo as agent, and the lenders party thereto. The Amendment decreases the size of the revolving credit facility from an aggregate principal amount of $300 million to $200 million, and extends the maturity date of the Amended ABL Credit Agreement to the earlier of October 16, 2030 and a springing maturity date 91 days prior to the maturity of certain existing notes issued by the Company.

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| | |
|:---|:---|
| **Item 2.03** | **Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.** |

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The information set forth in Section 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

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| | |
|:---|:---|
|  **Item 8.01.** | **Other Events.** |

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On October 16, 2025, the Company issued a press release announcing the closing of the Transaction. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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(d) Exhibits

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| | |
|:---|:---|
| Exhibit<br> **Number** | **Description** |
| [99.1](ef20057008_ex99-1.htm) | Press Release, dated as of October 16, 2025. |
| 104 | Cover Page Interactive Data File – the cover page iXBRL tags are embedded within the Inline XBRL document. |

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| Date: October 16, 2025 | **VIAVI SOLUTIONS INC.** | **VIAVI SOLUTIONS INC.** |
|  | By: | /s/ Oleg Khaykin |
|  |  | Name: Oleg Khaykin |
|  |  | Title: Chief Executive Officer |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *(Principal Executive Officer)* |

---

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## Exhibit 99.1

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#### Exhibit 99.1<br>

#### <br>

#### VIAVI Closes Acquisition of

#### Spirent Communications plc's High - Speed Ethernet, Network Security and Channel Emulation Testing Business

<br> • *Enables VIAVI to offer new solutions in high-speed ethernet, network security and channel emulation testing*

<br> • *Provides a complementary and synergistic product portfolio across ethernet, application performance, security, AI and digital infrastructure verticals*

**Chandler, Ariz., October 16, 2025 –** <u>VIAVI Solutions Inc.</u> (VIAVI) (NASDAQ: VIAV) today announced that it has completed the acquisition of Spirent Communications plc's high-speed ethernet, network security and channel emulation testing business (collectively, the "HSE, Network Security and CE Business") from Keysight Technologies, Inc.

VIAVI acquired the HSE, Network Security and CE Business for all-cash consideration of $425 million, subject to certain customary closing adjustments.

The transaction is expected to add approximately $180 million to VIAVI's Network Service Enablement ("NSE") revenue in the first 12 months after closing and expected to be accretive to non-GAAP EPS 12 months after closing. VIAVI anticipates utilizing its U.S. net operating losses to lower the combined group's blended non-GAAP tax rate.

Concurrent with the closing, VIAVI entered into a term loan credit agreement (the "Credit Agreement") with Wells Fargo Bank, National Association as agent and certain other lenders. The Credit Agreement provides for a senior secured term loan of $600 million, borrowed in full at closing and maturing seven years from closing. The proceeds from the Credit Agreement will be used to finance a portion of the acquisition and related expenses and for general corporate purposes.

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#### VIAVI News Release

#### <br>

#### About VIAVI
VIAVI (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions for telecommunications, cloud, enterprises, first responders, military, aerospace and railway. VIAVI is also a leader in light management technologies for 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive, government and aerospace applications. Learn more about VIAVI at <u>www.viavisolutions.com</u>. Follow us on <u>VIAVI</u> <u>Perspectives</u>, <u>LinkedIn</u> and <u>YouTube</u>.

#### Advisors
Qatalyst Partners acted as financial advisor to VIAVI and Fried, Frank, Harris, Shriver & Jacobson served as legal counsel on the acquisition. Gibson Dunn & Crutcher LLP advised as legal counsel on the credit facility.

#### Safe Harbor
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. The forward-looking statements include, but are not limited to, information regarding the expected, estimated and anticipated impact of the transaction on VIAVI's future financial results. These forward-looking statements involve risks and uncertainties that could cause VIAVI's results to differ materially from management's current expectations. Such risks and uncertainties include, but are not limited to, unforeseen changes in the strength of customers' businesses and high growth markets; unforeseen changes in the demand for current and new products, technologies, and services; customer purchasing decisions and timing; unforeseen changes in future revenues, earnings and profitability of VIAVI or the HSE, Network Security and CE Business; the risk that VIAVI is not able to realize the savings or benefits expected from integration of the HSE, Network Security and CE Business; the risk that the required regulatory approvals are subject to conditions that are not anticipated; and those risks and uncertainties discussed in VIAVI's Annual Report on Form 10-K filed with the Securities and Exchange Commission on August 11, 2025.

The forward-looking statements included in this release are valid only as of today's date except where otherwise noted. Viavi Solutions Inc. undertakes no obligation to update these statements.

###

#### Press Contact:
Amit Malhotra, 202-341-8624; amit.malhotra@viavisolutions.com

#### Investor Contact:
Vibhuti Nayar, 408-404-6305; investor.relations@viavisolutions.com

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