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Inmarsat plans to invest $100,000,000 over the next five years to prepare to deploy 150–175 LEO spacecraft from 2026.
Inmarsat shareholders will receive $850,000,000 in cash subject to adjustments as part of the transaction.
Inmarsat is preparing to expand its global network later 2021 with software-defined commercial communications satellites offering both Ka- and L-band capabilities.
Inmarsat’s private equity owners, a consortium led by Apax and Warburg Pincus that bought the company in 2020, would take about 37.5% of the combined group.
Viasat will issue approximately 46.36 million new Viasat shares to Inmarsat shareholders based on a Viasat closing price of $67.00 per share on 2021-11-05.
Viasat has agreed to buy British satellite fleet operator Inmarsat in a $7,300,000,000 deal.
Viasat plans to assume $2,100,000,000 principal amount of Inmarsat senior secured bonds as part of the transaction.
Viasat and Inmarsat expect to realize $1,500,000,000 in synergies from their merger.
The combined company will offer a global Ka-band footprint including planned polar coverage augmented by Inmarsat’s L-band assets.
Viasat will acquire Inmarsat in a transaction valued at $7,300,000,000.
Viasat plans to preserve and grow Inmarsat’s London headquarters as part of the deal.
Viasat plans to assume $1,700,000,000 outstanding under Inmarsat’s $2,400,000,000 of senior secured credit facilities.
Viasat has obtained commitments of $3,200,000,000 to backstop certain amendments required under Viasat’s $700,000,000 credit facility, $88,400,000 outstanding under Viasat’s Ex-Im credit facility and Inmarsat’s $2,400,000,000 of senior secured credit facilities.
Viasat and Inmarsat project the combined company will generate more than $4,000,000,000 in combined revenues and $1,400,000,000 in adjusted EBITDA.
Viasat plans to assume $1,700,000,000 outstanding under Inmarsat’s $2,400,000,000 of senior secured credit facilities.
Viasat plans to incorporate its beamforming, end-user terminal and payload technologies and hybrid multi-orbit space-terrestrial networking capabilities with Inmarsat’s L-band spectrum and space assets.
Viasat and Inmarsat hosted a conference call and webcast for investors at 8:00 a.m. Eastern Time on 2021-11-08.
Viasat and Inmarsat will host a conference call and webcast for investors on 2021-11-08 at 8:00 a.m. Eastern Time.
The live Viasat and Inmarsat conference call on 2021-11-08 could be accessed from the U.S. by dialing (877) 640-9809 and internationally by dialing (914) 495-8528 using conference ID 5854938.
Viasat will acquire Inmarsat in a transaction valued at $7,300,000,000.