| Components of Long-Term Debt |
Total long-term debt consisted of the following as of December 31, 2025 and March 31, 2025:
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As of
December 31, 2025 |
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As of
March 31, 2025 |
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(In thousands) |
|
2022 Term Loan Facility |
|
$ |
675,500 |
|
|
$ |
680,750 |
|
2023 Term Loan Facility |
|
|
602,824 |
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|
|
607,450 |
|
Original Inmarsat Term Loan Facility (1) |
|
|
— |
|
|
|
300,000 |
|
Inmarsat Term Loan Facility |
|
|
1,277,250 |
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|
|
1,287,000 |
|
Former Ex-Im Credit Facility (2) |
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|
— |
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|
19,652 |
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Inmarsat Revolving Credit Facility |
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|
— |
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|
— |
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Viasat Revolving Credit Facility |
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— |
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|
— |
|
2025 Notes (3) |
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|
— |
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|
442,550 |
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2027 Notes |
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|
600,000 |
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|
600,000 |
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2028 Notes |
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|
400,000 |
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|
|
400,000 |
|
Inmarsat 2029 Notes |
|
|
1,975,000 |
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|
|
1,975,000 |
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2031 Notes |
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|
733,400 |
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|
|
733,400 |
|
Finance lease obligations (see Note 1) |
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|
142,937 |
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|
|
158,473 |
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Total debt |
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|
6,406,911 |
|
|
|
7,204,275 |
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Unamortized discount, debt issuance costs and fair value adjustments made in purchase accounting |
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|
(126,420 |
) |
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|
(168,166 |
) |
Less: current portion of long-term debt |
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|
36,916 |
|
|
|
503,825 |
|
Total long-term debt |
|
$ |
6,243,575 |
|
|
$ |
6,532,284 |
|
(1)On November 21, 2025, the remaining borrowings under Inmarsat's original senior secured term loan facility (the Original Inmarsat Term Loan Facility) were repaid early in full. (2)On October 15, 2025, the Former Ex-Im Credit Facility was fully repaid at maturity. (3)On May 2, 2025, the 2025 Notes were redeemed in full. |