ViaSat Announces Exchange Offer for 8.875% Senior Notes Due 2016

CARLSBAD, Calif., April 22 /PRNewswire-FirstCall/ -- ViaSat Inc. (Nasdaq: VSAT) has commenced an exchange offer for its outstanding unregistered 8.875% Senior Notes due 2016. These notes were originally issued on October 22, 2009 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 8.875% Senior Notes due 2016 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 additional interest provisions relating to the original notes do not apply to the new notes.

(Logo: http://www.newscom.com/cgi-bin/prnh/20091216/VIASATLOGO)

The exchange offer will expire at 5:00 p.m. New York City time on Friday, May 21, 2010, 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 Tenders of the original notes must be made before the exchange offer expires and may be withdrawn at any time before the exchange offer expires.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 FSB, 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.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED