debt
confidence high
sentiment neutral
materiality 0.65
Viasat announces $1.25B Inmarsat Notes offering and $152M in debt repurchases
VIASAT INC
- Issuing $1.25B senior secured notes due 2029 to redeem a portion of outstanding 6.75% Inmarsat 2026 notes.
- Since June 30, 2024, repurchased $50.5M of 5.625% 2025 notes and $101.7M of Inmarsat 2026 notes.
- Up to an additional $300M aggregate of 2025 and Inmarsat 2026 notes may be repurchased opportunistically.
- Issuers are wholly-owned indirect subsidiaries of Viasat; notes unregistered and sold via Rule 144A/Regulation S.
- Proceeds together with cash on hand used for redemption and related fees; not a notice of redemption for all notes.