secwatch.observer — SEC 8-K summary
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Issuer:     VIASAT INC (VSAT)
CIK:        0000797721
Form:       8-K
Filed at:   2023-09-28T23:59:59+00:00
Accession:  0001193125-23-245746
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viasat closes $733.4M 7.500% senior notes offering, net proceeds $728.2M used to repay bridge loan
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- Issued $733.4M aggregate principal of 7.500% Senior Notes due 2031; net proceeds ~$728.2M after commissions.
- Net proceeds used to repay the $733.4M Bridge Credit Facility (drawn for the Inmarsat acquisition) in full.
- Notes are senior unsecured obligations and rank equally with Viasat's existing 5.625% and 6.500% senior notes.
- Interest at 7.500% per year, payable semi-annually; notes mature May 30, 2031.
- Issued in private placement to QIBs under Rule 144A and offshore under Reg S; not registered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797721/000119312523245746/0001193125-23-245746-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797721/000119312523245746/d543087d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-245746

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