New refinancing for Cable and Wireless



Liberty Latin America (LLA) has closed a new US$1.5 billion refinancing due 2032 for its Cable and Wireless (C&W) Caribbean and Central American division.

The loan was brokered in January between C&W and the parent as guarantor and its net proceeds will be used to repay another US$1.5bn term loan, maturing in 2028, LLA said in a market filing

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.”

Liberty Latin America is a communications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands BTC, Flow, Liberty and Más Móvil. Cable and Wireless joined Liberty in 2017.


Photo credit: Dreamstime.

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