debt
confidence high
sentiment neutral
materiality 0.60
Viasat subsidiaries close $1.975B 9.000% senior secured notes due 2029
VIASAT INC
- Offering upsized from initial $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 to redeem all outstanding 6.750% Senior Secured Notes due 2026.
- Notes are secured on first-lien basis alongside existing senior secured credit facilities.
- Issuers are wholly-owned indirect subsidiaries of Inmarsat, owned by Viasat.