secwatch.observer — SEC 8-K summary
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Issuer:     VIASAT INC (VSAT)
CIK:        0000797721
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0001193125-23-159891
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 3.02, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viasat completes acquisition of Inmarsat for $551M cash and 46.4M shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797721/000119312523159891/0001193125-23-159891-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797721/000119312523159891/d505957d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-159891

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