LIBERTY LATIN AMERICA’S C&W CREDIT SILO PRICES NEW $1.5 BILLION TERM LOAN DUE 2032
February 04 2025 - 4:31PM
Business Wire
- Refinancing transaction significantly extends silo’s weighted
average life of debt
Liberty Latin America’s (“LLA” or the “Company”) largest credit
silo, Cable & Wireless (“C&W”), priced a new $1.5 billion
term loan at the end of January 2025. This term loan matures in
2032, bears interest at a rate of SOFR + 3.25%, and the net
proceeds will be used to repay a $1.5 billion term loan maturing in
2028. This transaction is expected to close on February 18,
2025.
Chris Noyes, Liberty Latin America’s CFO, said, “Combined with
the $1.0 billion refinancing of C&W’s Senior Secured and Senior
Notes last October, we have now successfully extended the majority
of C&W’s maturities beyond 2031, bringing our weighted average
life of debt to nearly 6 years. This new $1.5 billion term loan
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).
For more information, please visit www.lla.com.
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Investor Relations: Kunal Patel: ir@lla.com
Media Relations: Kim Larson:
llacommunications@lla.com
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