LIBERTY LATIN AMERICA’S C&W CREDIT SILO COMPLETES REFINANCING PROGRAM; ISSUES NEW $755 MILLION SENIOR NOTES DUE 2033
Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
More than 75% of silo debt now maturing in 2032 & beyond
DENVER, Colorado--(BUSINESS WIRE)--
Liberty Latin America’s (“LLA” or the “Company”) largest credit silo, Cable & Wireless (“C&W”), has priced new $755 million senior notes due 2033 with a 9.0% coupon at par. Net proceeds from the issuance will be used to fully redeem C&W’s $735 million senior notes due 2027. This notes issuance is expected to close on February 11, 2025.
Chris Noyes, Liberty Latin America’s CFO, said, “This transaction completes our near-term refinancing objectives for the C&W credit silo. We have now successfully extended C&W’s maturity profile to approximately 6.5 years and combined with the $1.0 billion refinancing of C&W’s Senior Secured and Senior Notes last October and the $1.5 billion pricing of the new Term Loan in late January, we have raised $3.3 billion in aggregate in under six months. This latest issuance announced and priced on the same day, was significantly subscribed, highlights our ability to access markets efficiently, demonstrates the strength of the C&W credit silo, and positions the business for continued growth.”
ABOUT LIBERTY LATIN AMERICA
Liberty Latin America is a leading communications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands BTC, Flow, Liberty and Más Móvil. The communications and entertainment services that we offer to our residential and business customers in the region include digital video, broadband internet, telephony and mobile services. Our business products and services include enterprise-grade connectivity, data center, hosting and managed solutions, as well as information technology solutions with customers ranging from small and medium enterprises to international companies and governmental agencies. In addition, Liberty Latin America operates a subsea and terrestrial fiber optic cable network that connects approximately 40 markets in the region.
Liberty Latin America has three separate classes of common shares, which are traded on the NASDAQ Global Select Market under the symbols “LILA” (Class A) and “LILAK” (Class C), and on the OTC link under the symbol “LILAB” (Class B).
An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.