secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Latin America Ltd. (LILA)
CIK:        0001712184
Form:       8-K
Filed at:   2026-09-15T21:21:55+00:00
Accession:  0001712184-26-000148
Event type: debt
Sentiment:  negative
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712184/000171218426000148/0001712184-26-000148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712184/000171218426000148/lila-20260915.htm
  HTML page:      https://secwatch.observer/filing/0001712184-26-000148

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