Viasat Announces Proposed Private Placement of $1.25B of Senior Secured Notes For Debt Repayment
Portfolio Pulse from Benzinga Newsdesk
Viasat, Inc. (NASDAQ:VSAT) plans a private placement of $1.25 billion in Senior Secured Notes due 2029 through its subsidiaries. The proceeds will be used to redeem part of the existing 6.750% Senior Secured Notes due 2026.
September 09, 2024 | 11:52 am
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Viasat is issuing $1.25 billion in Senior Secured Notes to refinance existing debt, which could improve its financial stability by reducing interest expenses.
The issuance of new notes to refinance existing debt can lead to lower interest expenses and improved financial stability for Viasat. This strategic move is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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