Viavi Shares Hit Holiday Week After $557M Debt Move
Viavi Solutions closed Friday at $49.51, up 1.08% but down 3.8% for the week, ahead of a U.S. market holiday. The company raised about $557.2 million net from a stock offering priced at $45 per share and plans to repay $450 million of a seven-year term loan. Viavi reported fiscal Q3 revenue up 42.8% to $406.8 million, while GAAP net income fell 67.2% to $6.4 million.