| Components of Long-Term Debt |
Total long-term debt consisted of the following as of March 31, 2026 and 2025:
|
|
|
|
|
|
|
|
|
|
|
As of
March 31, 2026 |
|
|
As of
March 31, 2025 |
|
|
|
(In thousands) |
|
2022 Term Loan Facility |
|
$ |
673,750 |
|
|
$ |
680,750 |
|
2023 Term Loan Facility |
|
|
601,283 |
|
|
|
607,450 |
|
Original Inmarsat Term Loan Facility |
|
|
— |
|
|
|
300,000 |
|
Inmarsat Term Loan Facility |
|
|
1,274,000 |
|
|
|
1,287,000 |
|
Ex-Im Credit Facility |
|
|
188,730 |
|
|
|
— |
|
Former Ex-Im Credit Facility |
|
|
— |
|
|
|
19,652 |
|
Inmarsat Revolving Credit Facility |
|
|
— |
|
|
|
— |
|
Viasat Revolving Credit Facility |
|
|
— |
|
|
|
— |
|
2025 Notes |
|
|
— |
|
|
|
442,550 |
|
2027 Notes |
|
|
600,000 |
|
|
|
600,000 |
|
2028 Notes |
|
|
400,000 |
|
|
|
400,000 |
|
Inmarsat 2029 Notes |
|
|
1,975,000 |
|
|
|
1,975,000 |
|
2031 Notes |
|
|
733,400 |
|
|
|
733,400 |
|
Finance lease obligations (see Note 6) |
|
|
138,952 |
|
|
|
158,473 |
|
Total debt |
|
|
6,585,115 |
|
|
|
7,204,275 |
|
Unamortized discount, debt issuance costs and fair value adjustments made in purchase accounting |
|
|
(136,510 |
) |
|
|
(168,166 |
) |
Less: current portion of long-term debt |
|
|
57,753 |
|
|
|
503,825 |
|
Total long-term debt |
|
$ |
6,390,852 |
|
|
$ |
6,532,284 |
|
|
| Aggregate Payments on Long-Term Debt Obligations |
The estimated aggregate amounts and timing of payments on the Company’s long-term debt obligations as of March 31, 2026 for the next five fiscal years and thereafter were as follows (excluding the effects of discount accretion under the Notes, the Term Loan Facilities and the Ex-Im Credit Facility):
|
|
|
|
|
For the Fiscal Years Ending |
|
(In thousands) |
|
2027 |
|
$ |
57,753 |
|
2028 |
|
|
655,322 |
|
2029 |
|
|
1,108,693 |
|
2030 |
|
|
3,246,671 |
|
2031 |
|
|
1,341,337 |
|
Thereafter |
|
|
175,339 |
|
|
|
|
6,585,115 |
|
Unamortized discount, debt issuance costs and fair value adjustments made in purchase accounting |
|
|
(136,510 |
) |
Total |
|
$ |
6,448,605 |
|
|