Viasat taps Ex-Im Bank to finance satellite
January 27, 2026
California-based satellite operator Viasat has used a UK subsidiary to borrow cash to finance the build of ViaSat-3 F1. The borrowing was structured on January 21st and announced on January 26th.
The mechanics of the deal see UK registered Viasat Technologies (and with Viasat itself as a guarantor) enter into a Credit Agreement and using JP Morgan Securities as the Export-Import Facility Agent, and the Export-Import (Ex-Im) Bank of the US to structure the loan.
The Ex-Im Credit Facility provides for a $188.7 million (€158.8m) direct loan facility, $175.8 million of which can be used to finance up to 85 per cent of the costs of construction, launch and insurance of the ViaSat-3 F1 satellite and related goods and services (including costs incurred on or after May 1st 2018), with the remainder used to finance the total exposure fees incurred under the Ex-Im Credit Facility of up to $12.9 million.
Viasat says it currently expects that the full borrowing availability under the Ex-Im Credit Facility will be drawn in a single disbursement following satisfaction of the conditions to utilisation.
Borrowings under the Ex-Im Credit Facility are required to be repaid in 16 approximately equal semi-annual instalments, commencing on May 25th, with a final maturity date of November 25th 2033.
The ViaSat-3 F1 satellite is already in orbit, having been launched on April 30th 2023 and located at the 88.9° West.
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