debt
confidence high
sentiment neutral
materiality 0.60
Liberty LatAm subsidiary issues $755M of 9.000% notes due 2033 to refinance 2027 notes
Liberty Latin America Ltd.
- C&W Senior Finance Limited issued $755M aggregate principal of 9.000% senior notes due 2033 at 100% issue price.
- Net proceeds will refinance CWSFL's 6.875% senior notes due 2027 and pay related fees and expenses.
- Interest payable semi-annually on Jan 15 and Jul 15; first payment July 15, 2025.
- Notes guaranteed by Cable & Wireless Limited and secured by equity share mortgage of CWSFL stock within 60 business days.
- Redemption schedule: 104.500% in 2028, 102.250% in 2029, 100.000% from 2030 onward.