Shearman And Sterling

News April 08, 2019

Cable and Wireless' $300 Million Senior Notes Offering

Shearman & Sterling represented Citigroup Global Markets, Credit Suisse, J.P. Morgan Securities and Scotia Capital as initial purchasers in connection with Cable and Wireless' $300 million offering of 6.875% senior notes due 2027 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 April 1, 2019. The proceeds of the offering will be used to, among other things, fund intra-group loans, refinance certain outstanding debt and for general corporate purposes.

Cable and Wireless, a subsidiary of Liberty Latin America, provides leading 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