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ViaSat Announces Proposed Private Placement of $275 Million in Senior Notes

Feb. 22, 2012


ViaSat Inc. announced that it intends to commence an offering of $275 million in aggregate principal amount of senior unsecured notes due 2020, subject to market and other conditions. The notes will be offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended. 


The notes will bear interest at a rate to be determined by negotiations between ViaSat and the initial purchasers, and will be guaranteed on a senior unsecured basis by certain of ViaSat's existing and future subsidiaries.

The net proceeds from the offering will be used to repay outstanding borrowings under ViaSat's credit facility and for general corporate purposes, which may include financing costs related to the purchase, launch and operation of additional satellites or satellite capacity, potential acquisitions, funding subscriber acquisition costs, working capital or capital expenditures.


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 registration or an applicable exemption from the registration requirements of the Securities Act.