Viasat Inc. Enters Material Definitive Agreement
Ticker: VSAT · Form: 8-K · Filed: Mar 28, 2024 · CIK: 797721
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
Related Tickers: VSAT
TL;DR
Viasat just signed a big financial deal, details to come.
AI Summary
On March 28, 2024, Viasat Inc. entered into a Material Definitive Agreement related to financial obligations. The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. Specific details regarding the nature of the agreement and the financial amounts involved are not fully disclosed in this excerpt.
Why It Matters
This filing signals a significant financial commitment or obligation for Viasat Inc., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and financial obligation, suggesting potential financial risks or opportunities that are not yet fully detailed.
Key Players & Entities
- VIASAT INC (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- March 28, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the Material Definitive Agreement Viasat Inc. entered into?
The filing states that Viasat Inc. entered into a Material Definitive Agreement, but the specific details of the agreement are not provided in this excerpt.
What type of financial obligation is involved?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on March 28, 2024.
What is Viasat Inc.'s principal executive office address?
Viasat Inc.'s principal executive offices are located at 6155 El Camino Real, Carlsbad, California 92009.
What is Viasat Inc.'s telephone number?
Viasat Inc.'s telephone number, including area code, is (760) 476-2200.
Filing Stats: 1,375 words · 6 min read · ~5 pages · Grade level 11.9 · Accepted 2024-03-28 16:39:34
Key Financial Figures
- $0.0001 — ch Registered) Common Stock, par value $0.0001 per share VSAT The Nasdaq Stock Mar
- $700 million — t Agreement"), under which the existing $700 million revolving credit facility maturing in D
- $1.75 billion — ber 2024 and a majority of the existing $1.75 billion term loan facility maturing in December
- $550 million — edit Agreement were replaced with a new $550 million (undrawn) revolving credit facility tha
- $100 million — ures in March 2027 (or (i) if more than $100 million of borrowings under the 2026 TLB Facili
- $1.3 billion — marsat 2026 Notes, such date) and a new $1.3 billion term loan facility that was fully drawn
- $1,384 million — hand, were used to repay approximately $1,384 million of the approximately $1,684 million of
- $1,684 million — ely $1,384 million of the approximately $1,684 million of outstanding borrowings under the 202
- $300 million — der the 2026 TLB Facility, resulting in $300 million in principal amount of term loan borrow
- $3.25 m — be repaid in quarterly installments of $3.25 million, followed by a final installment
- $0 — 2026 TLB Facility have been reduced to $0, with the only remaining scheduled prin
Filing Documents
- d803311d8k.htm (8-K) — 30KB
- d803311dex101.htm (EX-10.1) — 1796KB
- g803311g0327090332461.jpg (GRAPHIC) — 2KB
- 0001193125-24-080765.txt ( ) — 2344KB
- vsat-20240328.xsd (EX-101.SCH) — 3KB
- vsat-20240328_lab.xml (EX-101.LAB) — 17KB
- vsat-20240328_pre.xml (EX-101.PRE) — 11KB
- d803311d8k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. VIASAT, INC. Date: March 28, 2024 By: /s/ Brett Church Name: Brett Church Title: Associate General Counsel