Viasat to repay revolver borrowings using proceeds from new notes

By Sarah Lizee

Olympia, Wash., June 17 – Viasat Inc. plans to repay all of the outstanding borrowings under its existing revolving credit facility using proceeds from an offering of $400 million of senior notes due 2028, according to a press release.

Proceeds from the offering will also be used 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.

Viasat is a Carlsbad, Calif.-based satellite communications company.

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