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The latest announcement is out from ViaSat ( (VSAT) ).
Viasat, Inc. has successfully closed a substantial $1,975 million senior secured notes offering due 2029 with a 9% annual interest rate, payable semi-annually. This strategic financial maneuver allowed the company to redeem its existing 6.750% Senior Secured Notes due 2026 well ahead of maturity, utilizing the offering’s proceeds and additional cash reserves. This redemption and the subsequent release of guarantors and liens associated with the 2026 notes signify a confident move by Viasat to streamline its debt structure and enhance its financial standing in the market.
Find detailed analytics on VSAT stock on TipRanks’ Stock Analysis page.