secwatch.observer — SEC 8-K summary
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Issuer:     VIASAT INC (VSAT)
CIK:        0000797721
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001193125-24-080765
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797721/000119312524080765/0001193125-24-080765-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797721/000119312524080765/d803311d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-080765

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