Viasat expects $568M from Ligado settlement; lawsuit dismissed

VIASAT INC

Inmarsat agrees to binding term sheet with Ligado and AST to settle opposition to Ligado's Chapter 11 restructuring.
Viasat expects ~$568M total by March 2026: $420M lump sum Oct 2025, $100M lump sum Mar 2026, plus quarterly payments.
Funds will be used to manage near-term maturities and address extended maturity profile.
Ligado's lawsuit against Inmarsat is stayed immediately and will be dismissed under term sheet conditions.
Agreement requires bankruptcy court approval and is subject to conditions.

item 7.01item 9.01

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