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ViaSat Announces Exchange Offer for Unregistered 6.875% Senior Notes due 2020
By: PR Newswire
Dec. 10, 2012 03:15 PM
CARLSBAD, Calif., Dec. 10, 2012 /PRNewswire/ -- ViaSat Inc. (Nasdaq: VSAT) has commenced an exchange offer for its outstanding unregistered 6.875% Senior Notes due 2020 (the "old notes"). The old notes were issued on October 12, 2012 in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933 in an aggregate principal amount of $300.0 million. Holders of the old notes may exchange them for an equal principal amount of new 6.875% Senior Notes due 2020 (the "new notes"), which will be issued pursuant to an effective registration statement on Form S-4 filed with the Securities and Exchange Commission. Terms of the new notes are substantially identical to those of the old notes, except that the transfer restrictions, registration rights and provisions relating to additional interest applicable to the old notes do not apply to the new notes. The new notes are identical to the $275.0 million aggregate principal amount of ViaSat's outstanding registered 6.875% Senior Notes due 2020 (the "initial notes"), except for the issue date, the issue price, the first interest payment date and the date from which interest begins to accrue. The new notes will be designated by the same CUSIP number as, and be fungible with, the initial notes.
The exchange offer will expire at 5:00 p.m., New York City time, on January 9, 2013, unless extended. Tenders of the old notes must be made before the exchange offer expires and may be withdrawn at any time before the exchange offer expires.
Documents describing the terms of the exchange offer, including the prospectus and transmittal materials for making tenders, can be obtained from the exchange agent, Wilmington Trust, National Association, c/o Wilmington Trust Company, Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890-1626, Attention: Sam Hamed, telephone (302) 636-6181.
This news release is for informational purposes only, and is not an offer to buy or the solicitation of an offer to sell any security. The exchange offer is being made only pursuant to the exchange offer documents, including the prospectus and letter of transmittal that are being distributed to the holders of the old notes and have been filed with the Securities and Exchange Commission.
SOURCE ViaSat Inc.
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