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Viasat Announces Pricing of $400 Million of Senior NotesCARLSBAD, Calif., June 17, 2020 /PRNewswire/ -- Viasat, Inc. (Nasdaq: VSAT) has priced its offering of $400 million in aggregate principal amount of its 6.500% Senior Notes due 2028. The notes were 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 "Securities Act"). The notes will have an interest rate of 6.500% per annum and will be issued at a price equal to 100.00% of their face value. The closing of the sale of the notes, which is subject to customary conditions, is expected to occur on or about June 24, 2020. The notes will be guaranteed on a senior unsecured basis by any and all of Viasat's domestic restricted subsidiaries that in the future guarantee Viasat's existing revolving credit facility. The net proceeds from the offering (which are estimated to be approximately $394.6 million, after deducting estimated commissions and offering expenses) will be used to repay all of its outstanding borrowings under its existing revolving credit facility and for general corporate purposes, which may include financing costs related to the purchase, launch and operation of satellites, potential acquisitions, joint ventures and strategic alliances, working capital or capital expenditures.
This press release is neither an offer to sell nor the solicitation of an offer to buy the notes or any other securities, and no offer, solicitation or sale will be made in any jurisdiction in which, or to any persons to whom, such an offer, solicitation or sale is unlawful. Any offers of the notes will be made only by means of a private offering memorandum. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act. Safe Harbor Statement
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