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Investing.com -- Viavi has announced plans to acquire the high-speed ethernet and network security business lines of Spirent (LON:SPT) Communications from Keysight Technologies (NYSE:KEYS).
The deal, valued at $410m in base cash and an additional $15m contingent cash, is expected to close in the second quarter of 2025, according to a company statement.
The acquisition is projected to add roughly $180m to Viavi’s Network and Service Enablement (NSE) revenue in the first 12 months after the deal closes. It is also expected to be accretive to earnings per share (EPS) 12 months post-closing.
To fund the acquisition, Viavi has secured a $425m Term Loan B from Wells Fargo (NYSE:WFC). The company also retains the option to increase the amount of the Term Loan B for general corporate purposes on a "best-efforts" basis.
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