Shearman And Sterling

News January 31, 2020

Cable and Wireless $150 Million Senior Secured Notes Offering

Shearman & Sterling represented J.P. Morgan, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman Sachs & Co. LLC, ING, BofA Securities, RBC Capital Markets, Scotiabank and Societe Generale as initial purchasers in connection with Cable and Wireless's $150 million offering of 5.750% senior secured notes due 2027 by its wholly owned subsidiary Sable International Finance Limited. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on January 24, 2020. The proceeds of the offering will be used to repay certain outstanding debt.

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 and Latin America.

The Team