Chicago, March 1 – Liquid Telecommunications Financing plc placed $620 million equivalent of 5˝% notes, according to a press release.
The issuer is a wholly owned subsidiary of Liquid Telecommunications Holdings Ltd.
The company also received a $220 million equivalent South African rand term loan at the same time.
The offer launched on Feb. 22. Order books logged more than 230 orders and were more than five times oversubscribed.
Proceeds will be used to refinance the company’s debt.
The London-based company owns and operates the largest pan-African fiber network.
Issuer: | Liquid Telecommunications Financing plc
|
Issue: | Senior secured notes
|
Amount: | $620 million equivalent
|
Coupon: | 5˝%
|
Pricing date: | Feb. 25
|
Ratings: | Moody’s: B3
|
| S&P: B-
|
| Fitch: B+
|
Distribution: | Rule 144 A and Regulation S
|
Marketing: | Fixed income calls
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.