debt
confidence high
sentiment neutral
materiality 0.60
Viasat prices $733.4M of 7.500% Senior Notes due 2031 to repay bridge loan
VIASAT INC
- $733.4M aggregate principal of 7.500% Senior Notes due 2031 priced at 100% of face value.
- Net proceeds ~$728.2M, plus cash on hand, will fully repay the existing bridge loan facility.
- Notes issued via private placement; closing expected on or about Sept 28, 2023.
- Notes jointly and severally guaranteed by future domestic restricted subsidiaries that guarantee revolving credit facility.
- Bridge facility was fully drawn in connection with the previously announced Inmarsat acquisition.