ViaSat, Inc. $700 Million Senior Notes Offering and Concurrent Cash Tender Offer
Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A/Regulation S offering by ViaSat, Inc. of $700 million aggregate principal amount of its 5.625% senior notes due 2025.
Davis Polk also advised the dealer manager in connection with a concurrent cash tender offer by ViaSat to purchase any and all of its outstanding 6.875% senior notes due 2020. The concurrent cash tender offer was funded with a portion of the proceeds of the notes offering.
ViaSat is a provider of advanced satellite and wireless communications and secure networking systems, products and services.
The Davis Polk corporate team included partner Richard D. Truesdell Jr., counsel Jeffrey S. Ramsay and associates Martin Oberst, Win Rutherfurd and Marcus Tan. The tax team included partner Po Sit and associate K. Daniel Berman. Partner Frank J. Azzopardi and associate Samantha Lefland provided intellectual property and technology advice. All members of the Davis Polk team are based in the New York office.