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Senior Notes and Other Long-Term Debt (Tables)
9 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Components of Long-Term Debt

Total long-term debt consisted of the following as of December 31, 2024 and March 31, 2024:

 

 

 

As of
 December 31, 2024

 

 

As of
 March 31, 2024

 

 

 

(In thousands)

 

2022 Term Loan Facility

 

$

682,500

 

 

$

687,750

 

2023 Term Loan Facility

 

 

610,533

 

 

 

613,617

 

Original Inmarsat Term Loan Facility

 

 

300,000

 

 

 

300,000

 

2024 Inmarsat Term Loan Facility

 

 

1,290,250

 

 

 

1,300,000

 

Ex-Im Credit Facility

 

 

19,652

 

 

 

39,304

 

Inmarsat Revolving Credit Facility

 

 

—

 

 

 

—

 

Viasat Revolving Credit Facility

 

 

—

 

 

 

—

 

2025 Notes

 

 

442,550

 

 

 

700,000

 

Inmarsat 2026 Notes (1)

 

 

—

 

 

 

2,075,000

 

2027 Notes

 

 

600,000

 

 

 

600,000

 

2028 Notes

 

 

400,000

 

 

 

400,000

 

Inmarsat 2029 Notes

 

 

1,975,000

 

 

 

—

 

2031 Notes

 

 

733,400

 

 

 

733,400

 

Finance lease obligations (see Note 1)

 

 

164,409

 

 

 

26,771

 

Total debt

 

 

7,218,294

 

 

 

7,475,842

 

Unamortized discount, debt issuance costs and fair value adjustments made in purchase accounting

 

 

(175,569

)

 

 

(288,553

)

Less: current portion of long-term debt

 

 

506,922

 

 

 

58,054

 

Total long-term debt

 

$

6,535,803

 

 

$

7,129,235

 

 

 

(1)
On October 1, 2024, the Inmarsat 2026 Notes were repurchased and redeemed in full with the net proceeds of the Inmarsat 2029 Notes and cash on hand.