--- 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" generated_at: "2026-06-14T08:42:44.293850+00:00" event_type: "m_and_a" sentiment: "positive" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # Viasat completes acquisition of Inmarsat for $551M cash and 46.4M shares ## Summary - 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. ## SEC filing metadata - 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 - event_type: m_and_a - sentiment: positive - materiality_score: 0.85 - calibrated_materiality_score: 0.85 - confidence: high - sec_items: 1.01, 2.01, 2.03, 3.02, 5.02, 5.03, 8.01, 9.01 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-23-159891 - JSON: https://secwatch.observer/filing/0001193125-23-159891.json - Plain text: https://secwatch.observer/filing/0001193125-23-159891.txt ## Key facts - Debt Financings 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. - Instrument: term loan - Principal: $616.7 million - Counterparty: Bank of America, N.A. - Rate: forward-looking SOFR term rate administered by CME for the applicable interest p - Maturity: May 2030 - Event: incurrence source text: 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_url: https://www.sec.gov/Archives/edgar/data/797721/000119312523159891/0001193125-23-159891-index.htm - Debt Financings 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. - Instrument: loan - Principal: $733.4 million - Counterparty: JPMorgan Chase Bank, N.A. - Rate: forward-looking SOFR term rate administered by CME for the applicable interest p - Maturity: May 2024 or, if extended, May 2031 - Event: incurrence source text: 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_url: https://www.sec.gov/Archives/edgar/data/797721/000119312523159891/0001193125-23-159891-index.htm - Executive change Rajeev Suri was appointed as Director at VIASAT INC. - Action: appointed - Role: Director source text: Andrew Sukawaty and Rajeev Suri were appointed (as the Investor Sellers’ designees) to fill the vacancies created by the new directorships. evidence_url: https://www.sec.gov/Archives/edgar/data/797721/000119312523159891/0001193125-23-159891-index.htm - Executive change Andrew Sukawaty was appointed as Director at VIASAT INC. - Action: appointed - Role: Director source text: Andrew Sukawaty and Rajeev Suri were appointed (as the Investor Sellers’ designees) to fill the vacancies created by the new directorships. evidence_url: https://www.sec.gov/Archives/edgar/data/797721/000119312523159891/0001193125-23-159891-index.htm - Governance Changes VIASAT INC: Increased authorized common stock from 100,000,000 to 200,000,000 shares (effective 2023-05-26). - Change: charter amendment - Effective: 2023-05-26 source text: 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_url: https://www.sec.gov/Archives/edgar/data/797721/000119312523159891/0001193125-23-159891-index.htm - M&A Transactions 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). - Action: acquisition - Counterparty: the shareholders of Inmarsat - Consideration: cash consideration equal to $550.7 million, subject to adjustments, and (ii) approximately 46.36 million unregistered shares of common stock - Closing: 2023-05-30 source text: 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_url: https://www.sec.gov/Archives/edgar/data/797721/000119312523159891/0001193125-23-159891-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.