debt
confidence high
sentiment neutral
materiality 0.65
Viasat subsidiaries upsize and price $1.975B of 9.000% senior secured notes due 2029
VIASAT INC
- Issuers upsized offering from $1.25B to $1.975B aggregate principal amount.
- Notes bear 9.000% interest, issued at 100% of face value, due 2029.
- Net proceeds plus cash on hand to redeem all outstanding 6.750% notes due 2026.
- Closing expected on or about September 25, 2024, subject to customary conditions.
- Issuers are wholly-owned indirect subsidiaries of Viasat under Inmarsat.