...June 17, 2020 NEW YORK (S&P Global Ratings) June 17, 2020--S&P Global Ratings today assigned its 'B' issue-level rating and '6' recovery rating to Viasat Inc.'s proposed $400 million senior unsecured notes due 2028. Our '6' recovery rating indicates our expectation for negligible (0%-10%; rounded estimate: 5%) recovery for lenders in the event of a payment default. At the same time, we left our '##+' issue-level rating on the company's existing $600 million senior secured notes due 2027 and our 'B' issue-level rating on its existing $700 million senior unsecured notes due 2025 unchanged. Our '1' recovery rating on the secured notes and our '6' recovery rating on the unsecured notes also remain unchanged. We anticipate Viasat will use the proceeds from the proposed notes to fully repay its $390 million of existing revolver borrowings and for general corporate purposes. We believe this transaction will provide the company with roughly $1 billion of liquidity that, when combined with its operating...
