Liberty Cablevision Puerto Rico markets $1 billion eight-year notes

By Paul A. Harris

Portland, Ore., Oct. 10 – Liberty Cablevision of Puerto Rico is on the road with a $1 billion offering of eight-year senior notes (B1), according to a market source.

The deal, which is being led by J.P. Morgan Securities LLC, is expected to price during the Oct. 14 week.

The notes come with three years of call protection.

The issuing entity will be LCPR Senior Secured Financing DAC.

The San Juan, Puerto Rico-based cable and wireless operator plans to use the proceeds to help fund the acquisition of AT&T's wireless and wireline assets in Puerto Rico and the U.S. Virgin Islands by Liberty Latin America.

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