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Liberty Puerto Rico to sell $820 million long eight-year secured notes on Tuesday; talk 5¼%-5½%
By Abigail W. Adams
Portland, Me., March 22 – Liberty Puerto Rico plans to price $820 million of 8.25-year senior secured notes (B1/B+) on Tuesday with initial price talk for a yield of 5¼% to 5½%, according to a market source.
The notes are non-callable for 3.25 years.
J.P. Morgan Securities LLC is lead left bookrunner for the Rule 144A and Regulation S offering.
Liberty Puerto Rico is a Ponce, Puerto Rico-based telecommunications company.
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