By Devika Patel
Knoxville, Tenn., May 26 – Liberty Latin America Ltd. said that subsidiary Liberty Communications Puerto Rico sold a $90 million add-on to its 6.75% senior secured notes due 2027 at 102.5 in a private placement, according to a press release.
The notes have a yield to maturity of about 6.3% and bring the total amount of notes outstanding to $1.29 billion.
Proceeds will be used to complete the company’s planned $1.95 billion acquisition of AT&T’s assets in Puerto Rico and the U.S. Virgin Islands.
Liberty Latin America is a Denver-based communications company.
| Issuer: | Liberty Communications Puerto Rico
|
| Issue: | Senior secured notes
|
| Amount: | $90 million reopening
|
| Maturity: | 2027
|
| Coupon: | 6.75%
|
| Price: | 102.5
|
| Yield: | About 6.3%
|
| Announced: | May 26
|
| Total outstanding: | $1.29 billion
|
| Distribution: | Private placement
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