CARLSBAD, Calif., Sept. 25, 2024 /PRNewswire/ — Viasat, Inc. (Nasdaq: VSAT) publicizes that its wholly-owned oblique subsidiaries, Fasten Finco SARL and Fasten U.S. Finco LLC (in combination, the “Issuers”), have finished their up to now introduced providing of $1,975 million in mixture fundamental quantity of its 9.000% Senior Tie Notes due 2029. The combination fundamental quantity of the oversubscribed providing used to be higher from the preliminary providing dimension of $1,250 million. The Issuers are wholly-owned oblique subsidiaries of Fasten Bidco Restricted (“Inmarsat”), a wholly-owned oblique subsidiary of Viasat.

The notes had been introduced and offered to individuals slightly believed to be certified institutional consumers in the USA via a personal placement pursuant to Rule 144A and outdoor the USA pursuant to Legislation S below the Securities Business of 1933, as amended (the “Securities Act”). The notes have an rate of interest of 9.000% in keeping with annum and had been issued at a value equivalent to 100.00% in their face price. The notes and the indistinguishable promises are fasten on a first-lien foundation by way of property that still accumulation on a first-lien foundation the indebtedness below the Issuers’ present senior fasten credit score amenities.

The web proceeds from the providing along with money available, are anticipated to be impaired to redeem all the Issuers’ exceptional 6.750% Senior Tie Notes due 2026 (the “Inmarsat 2026 Notes”) and to pay indistinguishable charges and bills.

The notes have now not been registered below the Securities Business or any shape securities rules and might not be introduced or offered in the USA with out registration or an acceptable exemption from the registration necessities of the Securities Business. This press let fall is neither an do business in to promote nor the solicitation of an do business in to shop for the notes or any alternative securities, and disagree do business in, solicitation or sale will probably be made in any jurisdiction by which, or to any individuals to whom, such an do business in, solicitation or sale is illegal. Any do business in of the notes had been made best by the use of a personal providing memorandum.

Preserve Harbor Commentary

This press let fall comprises forward-looking statements which are topic to the secure harbors created below the Securities Business of 1933 and the Securities Alternate Business of 1934. Ahead-looking statements come with, amongst others, statements in regards to the proposed providing, the virtue of proceeds therefrom and the redemption of the 2026 Inmarsat Notes in connection therewith, and are typically recognized with phrases similar to “believe,” “could,” “expect,” “intend,” “may,” “plan,” “will” and homogeneous expressions. Such statements mirror control’s tide expectancies and judgment as of the pace of this press let fall. As well as, please the following the chance elements contained in Viasat’s SEC filings to be had at www.sec.gov, together with Viasat’s most up-to-date Annual Document on Mode 10-Okay and Quarterly Studies on Mode 10-Q. Readers are cautioned to not park undue reliance on any forward-looking statements, which talk best as of the pace on which they’re made. Viasat undertakes disagree legal responsibility to replace or revise any forward-looking statements for any reason why.

SOURCE Viasat, Inc.

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