Viasat US$700m term loan B
Repay revolving credit facility borrowings; general corporate purposes
Key terms
- Borrower or issuer
- Viasat
- Date
- 4 Mar 2022
- Type
- Bank facility
- Amount
- US$700m
- Pricing
- SOFR + 4.50% (0.50% floor)
- Maturity
- 2029-03
Recorded terms
- Structure
- Seven-year secured term loan, fully drawn at closing, 1% annual amortisation
- Lenders and arrangers
- Bank of America, N.A., administrative and collateral agent
- Country
- United States
Parties
- Viasat borrower or issuer
- Agent: Bank of America
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 20 Dec 2021 | Intelsat DIP-to-exit financing on emergence from Chapter 11 | Bank facility | US$7.88bn |
| 24 Nov 2021 | Terran Orbital US$150m senior secured notes (Francisco Partners) | Bank facility | US$150m |
| 13 Jun 2022 | Spire Global US$120m term loan (Blue Torch) | Bank facility | US$120m |
| 10 Jun 2021 | Rocket Lab US$100m secured term loan (Hercules Capital) | Bank facility | US$100m |
| 15 Apr 2021 | Spire Global US$70m term loan (FP Credit Partners) | Bank facility | US$70m |
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 |
| 30 May 2023 | Viasat US$1.35bn acquisition financing for Inmarsat | Acquisition finance | US$1.35bn |
| 18 Jun 2020 | Viasat US$400m 6.500% senior notes due 2028 | Bond | US$400m |
| 20 Mar 2019 | Viasat US$600m 5.625% senior notes due 2027 | Bond | US$600m |
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$222m |
Sources
- Viasat Form 8-K: term loan facility sec.gov · 4 Mar 2022
About this record
Record ORB-2022-0005, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
