debt
confidence high
sentiment neutral
materiality 0.70
Liberty Latin America issues $1.0B 7.125% senior secured notes due 2032; extends $384M revolver
Liberty Latin America Ltd.
- SIFL issued $1.0B 7.125% senior secured notes due Oct 2032 to partially refinance 6.875% notes due 2027 and fully refinance 5.750% notes due 2027.
- Extended $384M aggregate principal of Class B revolving credit commitments to maturities ranging from July 2027 to Sept 2029 subject to refinancing conditions.
- Remaining 2021 Extended Class B Revolving Credit Commitments after extension are $196M.
- Notes will be secured by share pledges and assignments of intercompany loans.
- Interest payable semi-annually; redemption prices start at 103.563% in 2027.