{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-159891","form_type":"8-K","ticker":"VSAT","cik":"0000797721","company_name":"VIASAT INC","filed_at":"2023-06-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.254657+00:00","generated_at":"2026-06-14T08:42:44.293850+00:00","sec_items":["1.01","2.01","2.03","3.02","5.02","5.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Viasat completes acquisition of Inmarsat for $551M cash and 46.4M shares","bullets":["Acquisition closed with $551M cash (adjusted from $850M after Inmarsat special dividend) and 46.36M VSAT shares (~37.6% fully diluted).","Viasat drew $1.35B in financing: $617M secured term loan (due 2030) and $733M unsecured bridge loan (due 2024, extendable).","Board expanded to 10 directors; Inmarsat ex-Chairman Andrew Sukawaty and ex-CEO Rajeev Suri appointed.","Authorized common shares doubled from 100M to 200M via charter amendment to issue stock consideration.","Combined company led by Mark Dankberg (CEO) and Guru Gowrappan (President); London designated international HQ."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-159891","json":"https://secwatch.observer/filing/0001193125-23-159891.json","markdown":"https://secwatch.observer/filing/0001193125-23-159891.md","text":"https://secwatch.observer/filing/0001193125-23-159891.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/797721/000119312523159891/0001193125-23-159891-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/797721/000119312523159891/d505957d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T08:42:44.293850+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"01021b8fdfb077c2e5b3353fec20f9c5e8302e96","claim":"VIASAT INC incurred term loan of $616.7 million with Bank of America, N.A. at forward-looking SOFR term rate administered by CME for the applicable interest p maturing May 2030.","evidence_excerpt":"On May 30, 2023, Viasat entered into a Credit Agreement by and among Viasat (as borrower), Bank of America, N.A. (as administrative agent and collateral agent) and the other lenders party thereto (the “ 2023 Term Loan Facility ”), providing for a $616.7 million term loan facility, which was fully drawn at closing and matures in May 2030.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/797721/000119312523159891/0001193125-23-159891-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$616.7 million"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"forward-looking SOFR term rate administered by CME for the applicable interest p"},{"label":"Maturity","value":"May 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"7a6e40ee955343420731803199feca281fcb6772","claim":"VIASAT INC incurred loan of $733.4 million with JPMorgan Chase Bank, N.A. at forward-looking SOFR term rate administered by CME for the applicable interest p maturing May 2024 or, if extended, May 2031.","evidence_excerpt":"On May 30, 2023, Viasat entered into a Bridge Credit Agreement by and among Viasat (as borrower), JPMorgan Chase Bank, N.A. (as administrative agent) and the other lenders party thereto (the “ Bridge Facility ”), providing for a $733.4 million unsecured bridge loan facility, which was fully drawn at closing and matures in May 2024 or, if extended, May 2031.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/797721/000119312523159891/0001193125-23-159891-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$733.4 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"forward-looking SOFR term rate administered by CME for the applicable interest p"},{"label":"Maturity","value":"May 2024 or, if extended, May 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"25862e64a8","claim":"Rajeev Suri was appointed as Director at VIASAT INC.","evidence_excerpt":"Andrew Sukawaty and Rajeev Suri were appointed (as the Investor Sellers’ designees) to fill the vacancies created by the new directorships.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/797721/000119312523159891/0001193125-23-159891-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"8e63a9f1af","claim":"Andrew Sukawaty was appointed as Director at VIASAT INC.","evidence_excerpt":"Andrew Sukawaty and Rajeev Suri were appointed (as the Investor Sellers’ designees) to fill the vacancies created by the new directorships.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/797721/000119312523159891/0001193125-23-159891-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"adb4137961494fefa5fbf4f115e023c493e83bf5","claim":"VIASAT INC: Increased authorized common stock from 100,000,000 to 200,000,000 shares (effective 2023-05-26).","evidence_excerpt":"the Second Amended and Restated Certificate of Incorporation of Viasat (the “ Charter ”) was amended by that certain Certificate of Amendment to the Charter (the “ Certificate of Amendment ”) to increase the number of shares of Common Stock authorized for issuance from 100,000,000 to 200,000,000.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/797721/000119312523159891/0001193125-23-159891-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-05-26"}],"fact_type":"governance_change"},{"claim_id":"65fdb028f0bdaa89c67bca9c5f5e30d78b0f1c52","claim":"VIASAT INC completed an acquisition involving the shareholders of Inmarsat for cash consideration equal to $550.7 million, subject to adjustments, and (ii) approximately 46.36 million unregistered shares of common stock (closed 2023-05-30).","evidence_excerpt":"Agreement ”), by and among Viasat, the shareholders of Inmarsat and the other parties thereto (collectively, the “ Sellers ”) in exchange for (i) cash consideration equal to $550.7 million, subject to adjustments, and (ii) approximately 46.36 million unregistered shares of common stock, par value $0.0001 per share, of Viasat (“ Common Stock ”), upon the terms and","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/797721/000119312523159891/0001193125-23-159891-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"the shareholders of Inmarsat"},{"label":"Consideration","value":"cash consideration equal to $550.7 million, subject to adjustments, and (ii) approximately 46.36 million unregistered shares of common stock"},{"label":"Closing","value":"2023-05-30"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}