The Firm represented joint book-running managers Bank of America Merrill Lynch, J.P. Morgan, Credit Suisse, Morgan Stanley and Wells Fargo, and co-managers Stephens Inc. and B. Riley & Co., in connection with the issuance by ViaSat, Inc. (“ViaSat”) of an additional $300 million aggregate principal amount of its 6.875% Senior Notes due 2020. The additional notes constituted a reopening of the $275 million aggregate principal amount of notes initially issued on February 27, 2012. ViaSat intends to use the net proceeds from the notes offering to fund a cash tender offer for any and all of its outstanding $275 million 8.875% Senior Notes due 2016 and for general corporate purposes. The Firm is also representing Bank of America Merrill Lynch in its capacity as dealer manager in the concurrent tender offer and consent solicitation.
ViaSat is a leading provider of high-speed fixed and mobile broadband services, advanced satellite and wireless networks and secured networking systems, products and services.
The Simpson Thacher team for the offering included Art Robinson, Lesley Peng, Ben Wells and Karen Wang (Securities); Jonathan Cantor and Chang Won Choi (Tax); Michael Isby and Tim Mulvihill (Environmental); Jodie Pimentel (Intellectual Property); Aimee Adler and Douglas Tang (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky).
