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-ViaSat accepts cash tender offer and receipt of requisite consents in consent solicitation.

TELECOMWORLDWIRE-October 15, 2012--ViaSat accepts cash tender offer and receipt of requisite consents in consent solicitation(C)1994-2012 M2 COMMUNICATIONS http://www.m2.com

ViaSat Inc. (NASDAQ: VSAT) announced the results of the early acceptance of its tender offer to purchase any and all of its outstanding 8.875% senior notes due 2016 (the "Notes) and the related consent solicitation.

By October 11, 2012, ViaSat had received tenders for approximately $262.1 million in aggregate principal amount of the notes, all of which have been accepted for purchase by ViaSat.

The holders of the accepted notes will receive total consideration of $1,071.56 per $1,000 principal amount of notes tendered, which includes a $10.00 consent payment per $1,000 principal amount of notes tendered, plus accrued and unpaid interest to the early acceptance date. The total cash payment to purchase the notes tendered through October 11, 2012, including accrued and unpaid interest up to, but excluding, October 12, 2012, will be approximately $282.5 million.

Tendering holders also delivered the consents to the adoption of certain proposed amendments to the indenture governing the Notes. Consents authorizing entry into a supplemental indenture containing the proposed amendments were obtained from a majority in aggregate principal amount of the Notes. Accordingly, the supplemental indenture has been executed and will become operative upon payment for the tendered Notes. The supplemental indenture eliminated substantially all of the restrictive covenants, certain affirmative covenants, certain events of default and certain conditions to legal defeasance or covenant defeasance contained in the indenture governing the Notes.

ViaSat has engaged BofA Merrill Lynch as the Dealer Manager and Solicitation Agent for the tender offer and consent solicitation. D.F. King & Co., Inc. is acting as the Information Agent and Tender Agent for the tender offer and consent solicitation.

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Publication:Telecomworldwire
Date:Oct 15, 2012
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