Viasat Inc. Enters New Agreement, Terminates Another
Ticker: VSAT · Form: 8-K · Filed: Oct 1, 2024 · CIK: 797721
Sentiment: neutral
Topics: material-agreement, debt-obligation, contract-termination
TL;DR
Viasat just signed a new deal and ditched an old one, creating new debt. Details TBD.
AI Summary
On October 1, 2024, Viasat Inc. entered into a material definitive agreement and simultaneously terminated another. The company also incurred a direct financial obligation. Specific details regarding the nature of these agreements, the counterparty, and the financial implications were not disclosed in this filing.
Why It Matters
This filing indicates significant changes in Viasat's contractual and financial obligations, which could impact its future operations and financial health.
Risk Assessment
Risk Level: medium — The filing indicates material changes to agreements and financial obligations, but lacks specific details, creating uncertainty.
Key Players & Entities
- Viasat Inc. (company) — Registrant
- October 1, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Viasat Inc. on October 1, 2024?
The filing does not specify the nature of the material definitive agreement.
What agreement was terminated by Viasat Inc. on October 1, 2024?
The filing states that a material definitive agreement was terminated but does not identify which agreement.
What is the direct financial obligation incurred by Viasat Inc.?
The filing mentions the creation of a direct financial obligation but does not provide specific details about its amount or terms.
Who is the counterparty to the new material definitive agreement?
The filing does not disclose the identity of the counterparty to the new agreement.
What is the financial impact of the terminated agreement on Viasat Inc.?
The filing does not provide information on the financial impact of the terminated agreement.
Filing Stats: 1,796 words · 7 min read · ~6 pages · Grade level 12.8 · Accepted 2024-10-01 17:25:53
Key Financial Figures
- $0.0001 — ch Registered) Common Stock, par value $0.0001 per share VSAT The Nasdaq Stock Mar
- $1,975 million — e Luxembourg Issuer, the "Issuers"), of $1,975 million in aggregate principal amount of 9.000%
- $100.0 million — aggregate principal amount in excess of $100.0 million with respect to a default in the paymen
- $200.0 m — having a fair market value in excess of $200.0 million, in the event that any documents
Filing Documents
- d118183d8k.htm (8-K) — 32KB
- d118183dex41.htm (EX-4.1) — 1063KB
- g118183g99o68.jpg (GRAPHIC) — 3KB
- 0001193125-24-230357.txt ( ) — 1464KB
- vsat-20241001.xsd (EX-101.SCH) — 3KB
- vsat-20241001_lab.xml (EX-101.LAB) — 17KB
- vsat-20241001_pre.xml (EX-101.PRE) — 11KB
- d118183d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of Exhibit 4.1 Indenture, dated as of September 25, 2024, by and among the Issuers, the guarantors party thereto and Wilmington Trust, as trustee and notes collateral agent. 104 Cover Page Interactive Data File (embedded with the Inline XBRL document)
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: October 1, 2024 By: /s/ Brett Church Name: Brett Church Title: Associate General Counsel