secwatch.observer — SEC 8-K summary
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Issuer:     VIASAT INC (VSAT)
CIK:        0000797721
Form:       8-K
Filed at:   2023-08-25T23:59:59+00:00
Accession:  0001193125-23-221558
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viasat amends $597.5M credit facility, extends maturity to 2028, adds $40M commitment
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- Aggregate revolving commitments of $597.5M after amendment; maturity extended to August 24, 2028 (or earlier springing date).
- Barclays Bank PLC provided a new $40M revolving commitment; non-extending lenders' commitments terminated.
- Interest rate based on Term SOFR plus margin tied to total leverage ratio; covenant flexibility increased.
- Existing lenders participating include MUFG Bank, Bank of America, JPMorgan, Truist, Citizens, Umpqua, and Zions Bancorporation.
- Viasat reaffirms all existing liens and security interests under the credit agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797721/000119312523221558/0001193125-23-221558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797721/000119312523221558/d540351d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-221558

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