Paul Hastings LLP advised Stifel and Needham as joint book-running managers on Viavi Solutions’ public offering of approximately $557.2 million in common stock, according to a May 21 statement. The offering included 12,777,777 shares priced at $45 per share and closed on May 21.
The transaction is significant as it supports Viavi Solutions in raising capital through the equity markets. This move allows the company to pursue its business strategies with additional funding from investors.
The Paul Hastings team was led by partners Jeff Hartlin and Samantha Eldredge, with support from associates Jenna Barba, Dylan Blommaert, and Tyler Penta. The firm said its involvement demonstrates its ongoing work with leading investment banks and corporations.
Further information about the transaction can be found in the official announcement released by Paul Hastings.
Paul Hastings describes itself as a premier law firm recognized for elite teams across 17 core practices. The firm says it focuses on providing intellectual capital and execution globally to major investment banks, asset managers, and corporations.
