Liberty Latin America Ltd 8-K, filed May 26, 2020
Liberty Latin America Ltd. (LILA)
8-K
2020-05-26
For: 2020-05-26
View Original
Added on
April 04, 2026
About this 8-K
Liberty Latin America Ltd filed this 8-K on May 26, 2020.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): May 26, 2020
(Exact Name of Registrant as Specified in Charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification #) | ||
(Address of Principal Executive Office)
(303 ) 925-6000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class | Trading Symbols | Name of Each Exchange on Which Registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 7.01 Regulation FD Disclosure.
This Current Report on Form 8-K and the information contained in the Press Release attached hereto as Exhibit 99.1 are being furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Exhibit Name |
99.1 | |
101.SCH | XBRL Inline Taxonomy Extension Schema Document. |
101.CAL | XBRL Inline Taxonomy Extension Calculation Linkbase Document. |
101.DEF | XBRL Inline Taxonomy Extension Definition Linkbase. |
101.LAB | XBRL Inline Taxonomy Extension Label Linkbase Document. |
101.PRE | XBRL Inline Taxonomy Extension Presentation Linkbase Document. |
104 | Cover Page Interactive Data File.* (formatted as Inline XBRL and contained in Exhibit 101) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
LIBERTY LATIN AMERICA LTD. | ||
By: | /s/ MICHAEL D. OLIVER | |
Michael D. Oliver | ||
Vice President, Global Financial Reporting | ||
Date: May 26, 2020
 | ||
Exhibit 99.1 | |
LIBERTY COMMUNICATIONS PUERTO RICO PLACES $90 MILLION SENIOR SECURED NOTES ADD-ON VIA PRIVATE PLACEMENT
FUNDING TO SUPPORT ACQUISITION OF AT&T’S ASSETS IN PUERTO RICO AND THE U.S. VIRGIN ISLANDS
Denver, Colorado - May 26, 2020: Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced its subsidiary, Liberty Communications Puerto Rico (“LCPR”) has successfully completed the issuance of $90 million of additional 6.75% Senior Secured Notes due 2027, through LCPR Senior Secured Financing Designated Activity Company (the “Issuer”). The transaction was executed on a Private Placement basis with a limited number of existing investors. The new notes priced at 102.5% of par, reflecting a yield to maturity of approximately 6.3%, and will increase the principal size of the Issuer's outstanding notes to $1,290 million.
Proceeds from the issuance have been placed into escrow and will support the funding of LCPR's $1.95 billion acquisition of AT&T's assets in Puerto Rico and the U.S. Virgin Islands, expected to close in the second half of 2020.
Naji Khoury, CEO of LCPR commented: “We are pleased to see continued support and trust from our investor base. Since the announcement of our acquisition of AT&T’s assets in Puerto Rico & the USVI last October, we have made significant progress on the integration and regulatory approval process and remain on track to close the transaction later this year. We continue to be very excited about the combination with AT&T and the prospect of creating the leading integrated communications and entertainment provider in Puerto Rico.”
ABOUT LIBERTY LATIN AMERICA
Liberty Latin America is a leading communications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands VTR, Flow, Liberty, Más Móvil, BTC, UTS and Cabletica. The communications and entertainment services that we offer to our residential and business customers in the region include digital video, broadband internet, telephony and mobile services. Our business products and services include enterprise-grade connectivity, data center, hosting and managed solutions, as well as information technology solutions with customers ranging from small and medium enterprises to international companies and governmental agencies. In addition, Liberty Latin America operates a sub-sea and terrestrial fiber optic cable network that connects over 40 markets in the region.
Liberty Latin America has three separate classes of common shares, which are traded on the NASDAQ Global Select Market under the symbols "LILA" (Class A) and "LILAK" (Class C), and on the OTC link under the symbol "LILAB" (Class B).
For more information, please visit www.lla.com or contact:
Investor Relations: Media Relations:
Kunal Patel ir@lla.com Claudia Restrepo llacommunications@lla.com