debt
confidence high
sentiment negative
materiality 0.70
Viasat to issue $733.4M senior notes; pro forma shows $338M net loss
VIASAT INC
- $733.4M senior unsecured notes due 2031 issued via private placement to repay bridge facility.
- Pro forma FY2023: revenue $4.11B, net loss from continuing ops $338M, Adj. EBITDA $1.49B.
- Pro forma Q1 FY2024: revenue $1.05B, net loss $109M, Adj. EBITDA $353M.
- Pro forma total debt to Adj. EBITDA ratio of 5.11x after giving effect to the offering.
- Inmarsat acquisition completed May 30, 2023; $80M annual run-rate cost synergies targeted.