Company: VSAT
Filing Date: 2025-02-11
Form Type: CORRESP
Source: 0001193125-25-024360
Chunk: 2

Company: VIASAT INC
Filing Date: 2025-02-11
Form: CORRESP
Chunk 2
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 exceptions). Conversely, the Inmarsat Debt Agreements do contain covenants that limit the ability of Inmarsat to transfer funds or other assets to Viasat in the form of loans, advances or cash dividends. Under the Inmarsat Debt Agreements, as of March 31, 2024, Inmarsat was permitted to pay cash dividends and to make loans and advances to Viasat pursuant to the following baskets so long as (in most instances) no payment or bankruptcy event of default is continuing:

| • |     | Loans, advances and dividends in an unlimited amount so long as Inmarsat’s senior secured first lien net 
 leverage ratio is below specified levels.                                                                |

| • |     | Loans, advances and dividends up to the greater of $100 million and a specified percentage of Inmarsat LTM 
 adjusted EBITDA.                                                                                           |

| • |     | Loans, advances and dividends up to the sum of (i) the greater of $300 million and a specified                                                                                                                                            
 percentage of Inmarsat’s LTM adjusted EBITDA, plus (ii) a specified percentage of Inmarsat’s consolidated net income for a specified period through the end of the most recently ended fiscal quarter for which financial statements have 
 been delivered (but not less than $0), plus (iii) certain other builder amounts.                                                                                                                                                          |

| • |     | Loans or advances in an amount equal to the greater of $300 million and a specified percentage of 
 Inmarsat’s LTM adjusted EBITDA.                                                                   |

Based on the aggregate amount that Inmarsat was permitted to transfer to Viasat in the form of loans, advances or cash dividends under the Inmarsat Debt Agreements as of March 31, 2024, we determined that the restrictions on the transfer of funds to Viasat under the Inmarsat Debt Agreements were not material, and that therefore the notes to the financial statements required by Rule 4-08(e)(3)were not applicable. We also considered the existence of other restrictions on the ability of our subsidiaries to transfer funds to Viasat in the form of cash dividends, loans or advances as of March 31, 2024, and determined that none were material. With respect to unconsolidated subsidiaries, we have less than 1%, or an immaterial amount of consolidated net assets in investments in unconsolidated subsidiaries. Accordingly, we determined that the notes to the financial statements required by Rule 4-08(e