Simpson Thacher Represents J.P. Morgan and Other Initial Purchasers in ViaSat, Inc.'s $275 Million Senior Notes Offering
10.29.09
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The Firm represented joint book-running managers J.P. Morgan, BofA Merrill Lynch and Wells Fargo and the other Initial Purchasers in connection with the issuance by ViaSat, Inc. of $275 million aggregate principal amount of 8.875% Senior Notes due 2016. If ViaSat’s previously announced acquisition of WildBlue Holding, Inc. is consummated, ViaSat intends to use the net proceeds from the notes offering (which are estimated to be approximately $264 million, after deducting discounts, commissions and estimated offering expenses) to fund a portion of the purchase price of such acquisition. If the acquisition of WildBlue is not consummated, ViaSat intends to use the net proceeds from the notes offering for general corporate purposes, which may include financing costs related to the purchase, launch and operation of its ViaSat-1 satellite, other potential acquisitions, working capital or capital expenditures.
ViaSat is a provider of advanced satellite and wireless communications and secure networking systems, products and services. WildBlue Holdings is a provider of satellite-based broadband internet services.
The Simpson Thacher team for the offering included Arthur Robinson, Lesley Peng, Carol Daniel and Kristin Marvin (Securities); Jonathan Cantor and Chang Won Choi (Tax); Michael Isby (Environmental); Marcela Robledo and Noah Richmond (Intellectual Property); Jeanne Annarumma and Wonda Quinn (Executive Compensation and Employee Benefits); and Andrew Pagliughi and Jennie Getsin (Blue Sky). Paralegal Andre Sim also provided valuable assistance.