secwatch.observer — SEC 8-K summary
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Issuer:     VIASAT INC (VSAT)
CIK:        0000797721
Form:       8-K
Filed at:   2023-09-07T23:59:59+00:00
Accession:  0001193125-23-230658
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viasat increases revolving credit facility by $50M to $647.5M with new lender Fifth Third Bank
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- Joinder Agreement dated Sept 6, 2023 adds $50M commitment from Fifth Third Bank, raising total to $647.5M.
- Borrowings bear interest at SOFR plus margin based on total leverage ratio; facility secured by assets.
- Financial covenants unchanged: max total leverage ratio and min interest coverage ratio remain in effect.
- Restrictions on additional debt, liens, asset sales, dividends, and other payments continue unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797721/000119312523230658/0001193125-23-230658-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797721/000119312523230658/d545903d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-230658

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