ViaSat Affiliate ViaSat Technologies Signs Credit Agreement for ViaSat-2

ViaSat affiliate ViaSat Technologies signed a credit agreement for a $525 million direct loan from the U.S. Export-Import Bank for the ViaSat-2 high-capacity Ka-band communications satellite, ViaSat said in a news release Thursday. ViaSat Technologies will use the loan to finance about 85 percent of construction, insurance and launch for ViaSat-2 and exposure fees for the facility, it said. ViaSat-2, being manufactured by Boeing, will expand coverage for more than 40 countries in North America, Central America, the Caribbean and South America, and aeronautical and maritime routes between Europe and North America, it said. The satellite will double the bandwidth of ViaSat-1 and will be launched by SpaceX in late summer 2016, it said.