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ViaSat tendering for $575M in 2020 debt

Published 09/05/2017, 11:34 AM
© Reuters.  ViaSat tendering for $575M in 2020 debt
VSAT
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  • ViaSat (VSAT -1%) has made a cash tender offer for $575M in debt due 2020, and will finance that with a new $600M offering of debt due 2025.
  • It's offering to buy any and all of its 6.875% senior notes due 2020, at $1,019 for each $1,000 in principal along with accrued and unpaid interest; the expiration time on the offer is Sept. 20.
  • Meanwhile, it's offering $600M in senior unsecured notes due 2025 to obtain funds for the tender.
  • Now read: Finding Bright Spots In The LED Sector - Revolution Lighting Technologies


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