Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

News Apr 08, 2019

Cable and Wireless’ $400 Million Senior Secured Notes Offering

Shearman & Sterling represented Citigroup Global Markets, BNP Paribas, Credit Suisse, J.P. Morgan Securities, RBC Capital Markets and Scotia Capital as initial purchasers in connection with Cable and Wireless's $400 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 U.S. Securities Act, closed on April 5, 2019. 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 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.

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