Thread regarding ViaSat Inc. layoffs

Can't be a good sign if the banks are looking to dump their Viasat junk bonds.

From https://finance.yahoo.com/news/wall-street-banks-look-offload-130338758.html

"They’re also trying to sell about $733 million of unsecured junk bonds maturing 2031 at a yield of 14% and a steep discounted price of about 70 cents on the dollar, the people said, asking not to be identified because the transaction is private."

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| 1352 views | | 3 replies (last October 7, 2023) | Reply
Post ID: @OP+1oCxBtH4

3 replies (most recent on top)

There's no catching up from this.

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Post ID: @miad+1oCxBtH4

Inmarsat was bought, largely, because of their established contracts. I think good will come from that. Also once VS3 flight 2 is launched and bringing in revenue, Viasat will catch-up. A runner can trip and fall and still get back up to win a race.

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Post ID: @lfnj+1oCxBtH4

It's hard to say if that is good or bad. Obviously the bank thinks it's too risky to hold. Or simply wants money back now even if they take a hair cut. But we would need financial experts to read the tea leaves on the likely implications. This doesn't sound abnormal.

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Post ID: @fqu+1oCxBtH4

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