CriticalPoint's Advisory Role in Viasat's Financial Strategy
CriticalPoint is excited to share that it has taken on the role of exclusive debt advisor to Viasat, Inc., a global leader in communication technologies and services. Viasat is recognized for delivering exceptional connectivity solutions across various sectors such as aviation, government, maritime, enterprise, and consumer markets. Recently, Viasat's fully owned subsidiaries, Connect Finco SARL and Connect U.S. Finco LLC, successfully concluded an offering of $1.975 billion in aggregate principal amount of 9.000% Senior Secured Notes, which are due in 2029. Initially announced at $1.25 billion, the notes offering reflects the unwavering demand and strategic adjustments that capital markets can provide.
Utilizing Proceeds for Strategic Revisions
The proceeds from this successful fundraising effort will be primarily directed towards redeeming the company's outstanding 6.750% Senior Secured Notes due in 2026, commonly referred to as the Inmarsat 2026 Notes. This strategic move is crucial for Viasat as it aligns with their broader financial goals, optimizing their capital structure while efficiently managing debt obligations. Together with cash reserves, this financial plan allows Viasat to streamline its capital and address related expenses with adept financial management.
Expert Insights from CriticalPoint
The meticulous Capital Markets team at CriticalPoint played an instrumental role in guiding Viasat throughout the financing process. Their comprehensive advice encompassed key aspects including capital structure, market timing, pricing strategies, and engagement with capital providers. The seasoned professionals at CriticalPoint utilized their extensive experience in debt capital markets to ensure that Viasat could secure a financing solution that not only met immediate needs but also supported their long-term strategic objectives.
Building Stronger Relationships
K.C. Brechnitz, Managing Director and Head of Capital Markets at CriticalPoint, expressed pride in their partnership with Viasat. “We feel privileged to serve as a trusted advisor to Viasat, and we truly enjoyed collaborating with their exceptional management team. Congratulations are in order for their successful journey in the capital markets,” he remarked.
About Viasat's Vision
Viasat aims to connect everyone and everything across the globe. Their commitment to affordable and high-quality connectivity is demonstrated through their comprehensive efforts in building a global communications network. Viasat dedicates its resources to ensure that individuals and businesses alike enjoy reliable and secure communications, whether on ground, in air, or at sea. As they strive for a sustainable future in space, Viasat’s vision reinforces the importance of connectivity in enhancing lives across all spectrums.
CriticalPoint's Tradition of Excellence
As Viasat's exclusive financial advisor on this transaction, CriticalPoint has showcased its capabilities in investment banking advisory. Their unwavering commitment to delivering results for clients is evident in their strategic engagement and ability to navigate complex market dynamics. CriticalPoint excels in providing tailored financial solutions that address the particular needs of its clients while also forging lasting partnerships.
About CriticalPoint
Founded in 2012 and headquartered in Los Angeles, CriticalPoint stands out as a full-service financial advisory firm. It blends the expertise of investment banking with private equity and valuation services, uniquely positioning itself to cater to the underserved middle market. CriticalPoint is dedicated to realizing the ambitions of entrepreneurs, management teams, and stakeholders, helping them to unlock their companies' potential through insightful judgment and robust financial strategy.
Frequently Asked Questions
What is the amount raised in Viasat's latest notes issuance?
Viasat raised $1.975 billion through its Senior Secured Notes offering.
What will the proceeds from the notes issuance be used for?
The proceeds will be used to redeem existing senior secured notes and cover related fees and expenses.
Who is the financial advisor for Viasat's transaction?
CriticalPoint served as the exclusive financial advisor for Viasat in this transaction.
What distinguishes Viasat in the communications industry?
Viasat is distinguished by its commitment to provide high-quality, reliable, and secure communications solutions globally.
When was CriticalPoint founded?
CriticalPoint was founded in 2012 and has since focused on serving middle-market clients effectively.
