---
schema_version: "secwatch.filing_event.v1"
accession: "0001712184-26-000148"
form_type: "8-K"
ticker: "LILA"
cik: "0001712184"
company_name: "Liberty Latin America Ltd."
filed_at: "2026-09-15T21:21:55+00:00"
generated_at: "2026-09-15T21:24:17.856229+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Liberty Latin America reveals Puerto Rico restructuring terms: $410M new money, creditors take 100% equity

## Summary
- Negotiations with LPR restricted holders ended without agreement; latest term sheet (Sept 11) proposes $410M new money first-out notes.
- Proposed takeback debt implied at ~$1.15B (~4.0x 2026E OIBDA of $390M) in second-out tranche.
- Creditors would receive 100% of pro forma equity; LLA common equity fully extinguished.
- LLA would provide transition services for up to 5 years, pay separation costs, and indemnify New LPR.
- Filing includes cleansing materials due to confidentiality agreements; no assurance of future deal.

## SEC filing metadata
- accession: 0001712184-26-000148
- form_type: 8-K
- ticker: LILA
- cik: 0001712184
- company_name: Liberty Latin America Ltd.
- filed_at: 2026-09-15T21:21:55+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1712184/000171218426000148/0001712184-26-000148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1712184/000171218426000148/lila-20260915.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001712184-26-000148
- JSON: https://secwatch.observer/filing/0001712184-26-000148.json
- Plain text: https://secwatch.observer/filing/0001712184-26-000148.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.