Viasat Shares Jump After $568 Million Settlement With Ligado (1)

(Adds share move, analyst’s commentary.)

Viasat shares jump as much as 15% on Friday to the highest intraday level since September, after the broadband satellite provider said it expects to receive a $568 million payment in a settlement with Ligado Networks in fiscal year 2026.

• The term sheet will settle Inmarsat’s opposition to Ligado’s planned restructuring
• Viasat to use funds primarily to manage near term maturities and address its extended maturity profile
• William Blair analyst Louie DiPalma calls the settlement “favorable,” adding that the company can use the proceeds from this payment to reduce its $5.6 billion in net debt ...