Viasat US$524.9m Ex-Im Bank direct loan for ViaSat-2
Finance the ViaSat-2 satellite (construction, launch and insurance)
Key terms
- Borrower or issuer
- Viasat
- Date
- 12 Mar 2015
- Type
- Export credit
- Amount
- US$524.9m
- Pricing
- Fixed at the Ex-Im Bank Commercial Interest Reference Rate (CIRR) set before first drawing
- Maturity
- 2025-10-15
Recorded terms
- Structure
- Export-Import Bank of the United States direct loan to ViaSat Technologies Limited (UK), guaranteed by Viasat; US$476.0m for up to 85% of ViaSat-2 construction, launch and insurance costs plus up to US$57.9m of exposure fees; secured on the ViaSat-2 satellite and its contracts; 17 semi-annual instalments
- Lenders and arrangers
- Export-Import Bank of the United States, lender; JPMorgan Chase Bank, N.A., Ex-Im facility agent
- Country
- United States
Parties
- Viasat borrower or issuer
- Lenders: J.P. Morgan
- Public lenders and funders: Export-Import Bank of the United States
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| Date | Financing | Type | Amount |
|---|---|---|---|
| 11 Feb 2026 | Eutelsat export credit financing for OneWeb LEO satellites | Export credit | €975m |
More from Viasat
| Date | Financing | Type | Amount |
|---|---|---|---|
| 21 Jan 2026 | Viasat US EXIM direct loan for ViaSat-3 F1 launch and insurance | Export credit | US$188.7m |
| 11 Sep 2024 | Viasat US$1,975m 9.000% senior notes due 2029 | Bond | US$1.98bn |
| 21 Sep 2023 | Viasat US$733m 7.500% senior notes due 2031 | Bond | US$733.4m |
| 24 Aug 2023 | Viasat US$597.5m revolving credit facility (2023 extension) | Bank facility | US$597.5m |
| 30 May 2023 | Viasat US$1.35bn acquisition financing for Inmarsat | Acquisition finance | US$1.35bn |
| 4 Mar 2022 | Viasat US$700m term loan B | Bank facility | US$700m |
M&A and investment involving Viasat
| Date | Deal | Type | Value |
|---|---|---|---|
| 30 May 2023 | Viasat acquisition of Inmarsat | M&A | US$7.3bn |
| 30 Apr 2021 | Viasat acquisition of RigNet | M&A | US$222m |
Sources
- Viasat Form 8-K: Ex-Im credit facility sec.gov · 13 Mar 2015
- Viasat Form 8-K: second amendment to the Ex-Im credit facility sec.gov · 24 Mar 2016
About this record
Record ORB-2015-0001, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Export credit agencies lend or guarantee against an export contract, which lowers pricing and stretches tenor for the buyer.
