Liberty Latin America Ltd - LILAB STOCK NEWS

Liberty Latin America (NASDAQ: LILA and LILAK, OTC Link: LILAB) has announced the schedule for its full-year 2024 financial results release. The company will release its results on Wednesday, February 19, 2025, after NASDAQ market close. An investor call is scheduled for Thursday, February 20, 2025, at 8:30 a.m. Eastern Time, where management will discuss the company's results, business updates, and potential forward-looking information. A webcast and investor presentation will be accessible through the Investor Relations section of Liberty Latin America's website.

Liberty Latin America (NASDAQ: LILA, LILAK) is promoting safer internet practices across Latin America and the Caribbean as part of Safer Internet Day. The company is implementing various regional initiatives including:

- A 'Building a Safer Internet' workshop in Panama through Más Móvil Foundation
- Internet safety sessions for seniors in The Bahamas and Barbados
- A national TV special on internet safety in Jamaica
- Digital safety sessions for students and parents in Trinidad
- Digital seminars in Colombia, El Salvador, Honduras, and Dominican Republic
- Launch of a Safer Internet Browsing Guide in Puerto Rico

These initiatives aim to raise awareness about online risks and promote responsible use of digital technology across different demographics in the regions where Liberty Latin America operates.

Liberty Latin America's Cable & Wireless (C&W) credit silo has successfully priced new $755 million senior notes due 2033 with a 9.0% coupon at par. The proceeds will be used to fully redeem C&W's $735 million senior notes due 2027, with the issuance expected to close on February 11, 2025.

This transaction marks the completion of C&W's near-term refinancing objectives, extending the maturity profile to approximately 6.5 years. Combined with the $1.0 billion refinancing of C&W's Senior Secured and Senior Notes from October and the $1.5 billion pricing of the new Term Loan in late January, C&W has raised a total of $3.3 billion in under six months. More than 75% of silo debt now matures in 2032 and beyond.

Liberty Latin America's (LLA) Cable & Wireless (C&W) credit silo has priced a new $1.5 billion term loan maturing in 2032. The loan, bearing interest at SOFR + 3.25%, will be used to repay an existing $1.5 billion term loan due in 2028. The transaction is expected to close on February 18, 2025.

This refinancing, combined with the $1.0 billion refinancing of C&W's Senior Secured and Senior Notes from October, has extended the majority of C&W's maturities beyond 2031. The company's weighted average life of debt has increased to nearly 6 years, demonstrating C&W's strong credit position and market access capabilities.

Liberty Latin America (NASDAQ: LILA, LILAK) conducted its annual Mission Week volunteer initiative, where over 850 employees across 22 countries contributed 8,900 volunteer hours. The initiative focused on community service projects including:

• Providing connectivity services to 600+ previously unconnected people
• Donating meals to 1,200+ people in need
• Conducting coastline clean-ups collecting 1,900+ pounds of trash
• Organizing a UNICEF fundraising concert featuring Costa Rica Philharmonic

The company's charitable work is supported through various foundations including Cable & Wireless Charitable Foundation, Cable & Wireless Panama Foundation, Jamaica Flow Foundation, and Liberty Puerto Rico Foundation.

Liberty Latin America (LILAK) reported Q3 2024 revenue of $1.1 billion, representing a 3% year-over-year decline. The company faced operational challenges, particularly in Puerto Rico where churn from migration was higher than anticipated. Key highlights include:

- Operating loss of $380 million compared to operating income of $163 million in Q3 2023

- Adjusted OIBDA decreased 6% to $403 million

- Added nearly 50,000 broadband and postpaid subscribers in Costa Rica and Panama

- Completed acquisition of mobile spectrum and prepaid subscribers from Echostar in Puerto Rico & USVI

- Successfully executed $1 billion debt refinancing in C&W credit silo

Liberty Latin America (NASDAQ: LILA, LILAK) has announced it will release its Q3 2024 financial results on Wednesday, November 6, 2024, after NASDAQ market close. The company will host an investor call on Thursday, November 7, 2024, at 8:30 a.m. Eastern Time, where management will discuss the company's results and business operations.

Liberty Latin America (NASDAQ: LILA and LILAK) has completed the acquisition of EchoStar's spectrum assets and approximately 85,000 pre-paid mobile subscribers in Puerto Rico and the USVI for $255 million. The deal, approved by regulatory authorities, aims to enhance competition in the region. The payment will be made in four annual installments, with the first $95 million paid at closing. Liberty Latin America plans to fund the transaction through local liquidity sources.

CEO Balan Nair emphasized the company's commitment to Puerto Rico and the USVI, highlighting the acquisition of over 100 MHz of spectrum and an extensive distribution network. This move is expected to drive fixed-mobile convergence penetration from current levels of around 25%, increase capacity, boost speeds, strengthen the 5G mobile network, and expand the company's presence in the prepaid market.

Liberty Latin America reported Q2 2024 financial results with a 2% revenue increase to $1.118 billion. Strong performances were noted in Panama, Costa Rica, and the Caribbean, while Puerto Rico faced post-migration challenges. The company added 100,000 net subscribers in Q2, primarily in mobile services. An agreement to combine operations with Tigo in Costa Rica is expected to enhance FTTH transition and launch 5G services.

Financial highlights include: YoY revenue remained flat at $2.217 billion; operating income decreased by 18% to $111 million in Q2 and 16% to $204 million in H1; Adjusted OIBDA dropped by 12% to $389 million in Q2 and 9% to $763 million in H1. The company repurchased $83 million worth of stock and redeemed convertible notes worth $140 million in H1 2024.

Hurricane Beryl impacted Jamaica, causing expected revenue and OIBDA losses of $10-$20 million and infrastructure repair costs of $10-$20 million. Liberty expects a $44 million derivative gain from weather derivatives for Q3 2024.