---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-080765"
form_type: "8-K"
ticker: "VSAT"
cik: "0000797721"
company_name: "VIASAT INC"
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:49:05.133352+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Viasat subsidiary refinances $1.75B term loan, extends maturities through 2029

## Summary
- New $1.3B term loan matures Sep 2029; fully drawn, proceeds repaid ~$1.384B of existing 2026 TLB.
- New $550M revolver (undrawn) matures Mar 2027, replacing $700M revolver due Dec 2024.
- Remaining $300M of 2026 TLB has $0 quarterly amortization; final payment due Dec 2026.
- New term loan margin: SOFR + 4.50% (base rate + 3.50%); prior TLB margin unchanged at SOFR + 3.50%.
- Covenants on revolver only: total net leverage ratio and interest coverage ratio apply.

## SEC filing metadata
- accession: 0001193125-24-080765
- form_type: 8-K
- ticker: VSAT
- cik: 0000797721
- company_name: VIASAT INC
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/797721/000119312524080765/0001193125-24-080765-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/797721/000119312524080765/d803311d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-080765
- JSON: https://secwatch.observer/filing/0001193125-24-080765.json
- Plain text: https://secwatch.observer/filing/0001193125-24-080765.txt

## Key facts
- Debt Financings
  VIASAT INC amended revolving credit of $550 million with Barclays Bank plc, Bank of America, N.A. at SOFR plus 2.50% to 3.25% per annum for base rate loans and 2.50% to 3.25% per an maturing March 2027.
  - Instrument: revolving credit
  - Principal: $550 million
  - Counterparty: Barclays Bank plc, Bank of America, N.A.
  - Rate: SOFR plus 2.50% to 3.25% per annum for base rate loans and 2.50% to 3.25% per an
  - Maturity: March 2027
  - Event: amendment
  source text: replaced with a new $550 million (undrawn) revolving credit facility that matures in March 2027
  evidence_url: https://www.sec.gov/Archives/edgar/data/797721/000119312524080765/0001193125-24-080765-index.htm
- Debt Financings
  VIASAT INC amended term loan of $300 million at 2.50% per annum for base rate loans and 3.50% per annum for SOFR loans maturing December 2026.
  - Instrument: term loan
  - Principal: $300 million
  - Rate: 2.50% per annum for base rate loans and 3.50% per annum for SOFR loans
  - Maturity: December 2026
  - Event: amendment
  source text: $300 million in principal amount of term loan borrowings remaining outstanding under the 2026 TLB Facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/797721/000119312524080765/0001193125-24-080765-index.htm
- Debt Financings
  VIASAT INC incurred term loan of $1.3 billion with Barclays Bank plc, Bank of America, N.A. at SOFR plus 3.50% per annum for base rate loans and 4.50% per annum for SOFR loans maturing September 2029.
  - Instrument: term loan
  - Principal: $1.3 billion
  - Counterparty: Barclays Bank plc, Bank of America, N.A.
  - Rate: SOFR plus 3.50% per annum for base rate loans and 4.50% per annum for SOFR loans
  - Maturity: September 2029
  - Event: incurrence
  source text: a new $1.3 billion term loan facility that was fully drawn at closing and matures in September 2029
  evidence_url: https://www.sec.gov/Archives/edgar/data/797721/000119312524080765/0001193125-24-080765-index.htm
- Material Agreements
  VIASAT INC amended Refinancing Amendment with Barclays Bank plc, Bank of America, N.A., and the lenders and issuing banks party thereto (effective 2024-03-28).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Barclays Bank plc, Bank of America, N.A., and the lenders and issuing banks party thereto
  - Effective: 2024-03-28
  source text: On March 28, 2024, Connect Midco Limited (“Holdings”), Connect Bidco Limited (“Bidco”), Connect Finco SARL (“Lux Finco”), Connect U.S. Finco LLC (“US Finco”) and certain other subsidiary loan parties (collectively, with Holdings, Bidco, Lux Finco and US Finco, “Inmarsat,” and all indirect wholly owned subsidiaries of Viasat, Inc. (“Viasat”)) entered into Amendment No. 4 to Credit Agreement with Barclays Bank plc, as existing administrative agent and collateral agent, Bank of America, N.A., as successor administrative agent and collateral agent, and the lenders and issuing banks party thereto (the “Refinancing Amendment”) to amend the existing Credit Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/797721/000119312524080765/0001193125-24-080765-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.