Visasat Inc (VSAT)

[GuruTrader]

ViaSat intends to finance the cash portion of the transaction from a combination of WildBlue and ViaSat available cash on hand, and by working with certain of its lenders and others to structure financing which is expected to be implemented prior to close. A ViaSat has arranged with WildBlue current creditors a USD350m second lien term loan with a four year maturity, following closing. This loan can be used, at ViaSat's sole election, in whole or in part, in the event third-party debt financing is not raised on satisfactory terms prior to closing.

The number of ViaSat common shares to be issued at closing will be determined based on the ten-day volume weighted average closing price (VWAP) of ViaSat shares shortly prior to closing, subject to a collar mechanism. Accordingly, ViaSat will issue at closing not over approximately 5.685 million shares or not less than approximately 4.262 million shares. In the event the VWAP is equal to USD25.73, ViaSat will issue approximately 4.858 million shares.