secwatch.observer — SEC 8-K summary
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Issuer:     VIASAT INC (VSAT)
CIK:        0000797721
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0001193125-24-230357
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viasat units issue $1.975B 9.000% senior secured notes due 2029; redeem 6.750% notes due 2026
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- Issuers placed $1.975B aggregate principal of 9.000% senior secured notes maturing Sept 15, 2029.
- Proceeds plus cash on hand redeemed all outstanding 6.750% senior secured notes due 2026 on Oct 1, 2024.
- Interest on new notes payable semi-annually Mar 15 and Sept 15 starting Mar 15, 2025 at 9.000% per year.
- Notes are first-lien senior secured obligations, ranking equally with existing and future senior secured debt.
- Change-of-control put at 101% of principal plus accrued interest; covenants limit additional debt, dividends, and asset sales.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797721/000119312524230357/0001193125-24-230357-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797721/000119312524230357/d118183d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-230357

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