ViaSat plans share offering

Wednesday 16 November 2016 | 09:10 CET | News
ViaSat announced plans to raise fresh capital from an underwritten public offering of 6.5 million shares. ViaSat expects to use the net proceeds from the offering for general corporate purposes, which may include financing costs related to the purchase, launch and operation of satellites, potential acquisitions, joint ventures and strategic alliances, working capital or capital expenditures. In addition, some proceeds may go to paying off its revolving credit facility. The offering is subject to market and other conditions and also includes an over-allotment option to sell another 975,000

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Categories: Broadcast & Satellite
Companies: ViaSat
Countries: World
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