ViaSat shares are trading lower. The company a proposed a $1.25 billion private placement of senior secured notes for debt repayment.
Portfolio Pulse from Benzinga Newsdesk
ViaSat shares are declining following the announcement of a $1.25 billion private placement of senior secured notes aimed at debt repayment.
September 09, 2024 | 7:36 pm
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ViaSat's stock is trading lower due to the announcement of a $1.25 billion private placement of senior secured notes, which is intended for debt repayment.
The issuance of $1.25 billion in senior secured notes suggests that ViaSat is taking on more debt, which can be perceived negatively by investors, leading to a decline in stock price. The market may view this as a sign of financial stress or a need to manage existing debt obligations.
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