VIASAT INC (VSAT): M&A transaction — Viasat completes sale of Link 16 TDL business to L3Harris for $1.96B in cash

VIASAT INC

Sale closed Jan 3, 2023 for ~$1.96B cash; net proceeds expected ~$1.8B after taxes, fees and expenses.
Net proceeds to reduce net leverage and increase liquidity; supports shift to global satellite services.
Link 16 TDL business had ~$400M revenue and ~$125M Adjusted EBITDA for the 12 months ended June 30, 2022.
Viasat’s Government Systems to focus on broadband satcom, cybersecurity, and space-based technology.
Pending Inmarsat acquisition remains subject to regulatory approvals; pro forma financials reflect combined impacts.

item 2.01 item 8.01 item 9.01

Key facts

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

VIASAT INC completed a disposition involving L3Harris Technologies, Inc. for $1.96 billion in cash (closed 2023-01-03).

Action: disposition
Counterparty: L3Harris Technologies, Inc.
Consideration: $1.96 billion in cash
Closing: 2023-01-03

Exact text from the filing

On January 3, 2023, Viasat completed the sale of the Link 16 TDL Business for approximately $1.96 billion in cash (subject to certain adjustments).

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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

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Source: SEC EDGAR

accession 0001193125-23-003793

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