Nachrichten October 15, 2018

Cable and Wireless’ $500 Million Senior Notes Offering

Shearman & Sterling represented Citigroup Global Markets, BNP Paribas, Credit Suisse, Goldman Sachs International, ING Bank, RBC Capital Markets and Scotia Capital as initial purchasers in connection with Cable and Wireless' $500 million offering of 7.500% senior secured notes due 2026 by its wholly owned subsidiary C&W Senior Financing Designated Activity Company. The offering, which was conducted pursuant to Rule 144A and Regulation S under the U.S. Securities Act, closed on October 11, 2018. The proceeds of the offering will be used to, among other things, repay certain outstanding debt and for general corporate purposes.

Cable and Wireless, a subsidiary of Liberty Latin America, provides telecommunications-based services, including mobile, high-speed broadband, traditional and IP-based voice services, and advanced digital video services, as well as wholesale broadband capacity and managed IT services to consumers, businesses, telecommunications carriers and governments in the Caribbean, Latin America and the Seychelles.

The Team