secwatch.observer — SEC 8-K summary
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Issuer:     VIASAT INC (VSAT)
CIK:        0000797721
Form:       8-K
Filed at:   2023-09-25T23:59:59+00:00
Accession:  0001193125-23-241320
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viasat amends $616.7M term loan; covenants and prepayment events modified
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- Amended $616.7M term loan facility originally fully drawn May 30, 2023, maturing May 2030.
- Quarterly repayments of ~$1.5M start Dec 31, 2023; final balloon payment ~$576.6M at maturity.
- Interest at SOFR + 4.50% plus credit spread adjustment (0.11%-0.43%) or base rate + 3.50%.
- Amendments include changes to certain prepayment events and negative covenants.
- Loan guaranteed by material domestic subsidiaries and secured by substantially all assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797721/000119312523241320/0001193125-23-241320-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797721/000119312523241320/d518920d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-241320

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