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Quotes & Info
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| VSAT > SEC Filings for VSAT > Form 8-K on 14-Nov-2012 | All Recent SEC Filings |
14-Nov-2012
Termination of a Material Definitive Agreement
On November 14, 2012, ViaSat, Inc. ("ViaSat") completed the redemption of all of its remaining 8.875% Senior Notes due 2016 (the "Notes") that had not previously been repurchased and cancelled pursuant to ViaSat's previously announced cash tender offer and consent solicitation for the Notes. ViaSat redeemed the Notes pursuant to their optional redemption provisions at a price of 106.656% of the principal amount of outstanding Notes, plus accrued and unpaid interest to, but not including, the redemption date. The total cash payment for the redemption was approximately $14.0 million.
In connection with the completion of the redemption, the Indenture, dated as of October 22, 2009, by and among ViaSat, the Subsidiary Guarantors (as defined therein) and Wilmington Trust, National Association (as successor by merger to Wilmington Trust FSB), as trustee ("Wilmington Trust"), governing the Notes has been satisfied and discharged in accordance with its terms, effective November 14, 2012. Wilmington Trust also serves as trustee under the indenture governing ViaSat's 6.875% Senior Notes due 2020, and provides other financial services to ViaSat and its affiliates.
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