Viasat US$800m revolving credit facility (2016 amendment)
Liquidity and covenant flexibility
Key terms
- Borrower or issuer
- Viasat
- Date
- 24 May 2016
- Type
- Bank facility
- Amount
- US$800m
- Pricing
- Eurodollar rate + margin based on total leverage
- Maturity
- 2021-05
Recorded terms
- Structure
- Second amendment to the November 2013 revolving credit agreement: facility raised from US$500m to US$800m and maturity extended from November 2018 to May 2021
- Lenders and arrangers
- Union Bank, N.A., administrative and collateral agent
- Country
- United States
Parties
- Viasat borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 17 Nov 2016 | Telesat US$2.63bn senior secured credit facilities (2016) | Bank facility | US$2.63bn |
| 22 Dec 2016 | DigitalGlobe US$1,475m senior secured credit facilities (2016) | Bank facility | US$1.48bn |
| 1 Apr 2015 | Eutelsat €800m term loan and revolving credit facility refinancing (2015) | Bank facility | €800m |
| 18 Dec 2017 | ORBCOMM US$25m senior secured revolving credit facility | Bank facility | US$25m |
| 19 Dec 2018 | SES €400m multi-tranche Schuldschein loan | Bank facility | €400m |
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$222m |
Sources
- Viasat Form 8-K: second amendment to credit agreement sec.gov · 24 May 2016
About this record
Record ORB-2016-0009, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
