ViaSat Announces Exchange Offer for 6.875% Senior Notes due 2020
CARLSBAD, Calif., July 26, 2012 /PRNewswire/ -- ViaSat Inc. (Nasdaq: VSAT) today announced that it has commenced an exchange offer for its outstanding unregistered 6.875% Senior Notes due 2020. These notes were originally issued on February 27, 2012 in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933 in an aggregate principal amount of $275.0 million. Holders of these notes may exchange them for an equal principal amount of a new issue of 6.875% Senior Notes due 2020 pursuant to an effective registration statement on Form S-4, as amended, filed with the Securities and Exchange Commission. Terms of the new notes are substantially identical to those of the original notes, except that the transfer restrictions, registration rights and provisions relating to additional interest applicable to the original notes do not apply to the new notes.
The exchange offer will expire at 5:00 p.m. New York City time on Thursday, August 23, 2012, unless extended. Tenders of the original notes must be made before the exchange offer expires and may be withdrawn at any time before the exchange offer expires.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 (WL), 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 original notes and have been filed with the Securities and Exchange Commission.
SOURCE ViaSat Inc.