ViaSat
Announces
Proposed
Public
Offering
of
Common
Stock
22
March
2010
ViaSat
Inc.
has
commenced
an
underwritten
public
offering
of
5,500,000
shares
of
its
common
stock,
consisting
of
2,500,000
shares
offered
by
ViaSat
and
3,000,000
shares
offered
by
certain
selling
stockholders.
ViaSat
and
the
selling
stockholders
have
granted
to
the
underwriters
an
option
to
purchase
up
to
an
additional
375,000
and
450,000
shares,
respectively,
within
30
days
after
the
offering
to
cover
over-allotments,
if
any.
ViaSat
expects
to
use
the
net
proceeds
from
the
offering
for
general
corporate
purposes,
which
may
include
working
capital,
capital
expenditures,
financing
costs
related
to
the
purchase,
launch
and
operation
of
its
ViaSat-1
satellite
or
any
future
satellite,
or
other
potential
acquisitions.
Pending
application
of
the
net
proceeds
as
described
above,
ViaSat
may
use
all
or a
portion
of
the
net
proceeds
to
repay
outstanding
borrowings
under
its
revolving credit
facility.
ViaSat
will
not
receive
any
proceeds
from
the
sale
of
shares
by
the
selling
stockholders.
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