ViaSat will sell $250M in senior notes due 2016

ViaSat says it will sell $250M in senior unsecured notes to fund purchase of WildBlue Holding

• On 7:52 am EDT, Wednesday October 14, 2009

CARLSBAD, Calif. (AP) -- Satellite communications equipment maker ViaSat Inc. said Wednesday it plans to sell $250 million in senior notes to fund its planned acquisition of WildBlue Holding Inc.

ViaSat said the senior notes will be due in 2016. If the purchase of WildBlue is not completed, the proceeds will be used for other general corporate purposes, which could include other financial costs, launch and operation of a satellite, potential acquisitions, and working capital.

ViaSat said Oct. 1 that it planned to buy WildBlue, which provides high-speed Internet access via satellites, for $568 million in cash. The deal included $443 million in cash and $125 million in new ViaSat stock.