Viasat, Inc. (NASDAQ: VSAT) has announced its intention to commence an offering of $733.4 million in senior unsecured notes due 2031. The offering is subject to market and other conditions. The notes will be offered and sold to qualified institutional buyers in the United States and outside the United States.
In connection with the recent Inmarsat acquisition, Viasat entered into a $733.4 million unsecured bridge loan facility, which has been fully drawn. The net proceeds from the offering, along with cash on hand, will be used to fully repay the Bridge Facility.
It is important to note that the notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States without proper registration or exemption.
This press release is not an offer to sell or solicit an offer to buy the notes or any other securities. No offer, solicitation, or sale will be made in any jurisdiction where it is unlawful. Any offers of the notes will be made through a private offering memorandum.
Forward-looking statements have been included in this press release, which are subject to the safe harbor provisions established under the Securities Act and the Securities Exchange Act of 1934. These statements involve various factors and reflect management’s current expectations, estimates, and projections as of the date of this press release.
Viasat advises readers to exercise caution when relying on forward-looking statements, as they are based on current information and may not necessarily be indicative of future outcomes. The company undertakes no obligation to update or revise any forward-looking statements.