LIBERTY PUERTO RICO ENTERS INTO A NEW RCF AGREEMENT AND RAISES ADDITIONAL $200 MILLION FACILITY
Liberty Latin America Ltd. ("Liberty Latin America") (NASDAQ:LILA, OTC Link: LILAB)) today announced that its Liberty Puerto Rico subsidiary has successfully entered into two new financing agreements through existing unrestricted subsidiaries that, as previously disclosed in September 2025, are parties to an existing senior secured term loan credit facility that matures in 2030 (the "2030 Facility").
First, the unrestricted subsidiaries and the lenders under Liberty Puerto Rico's prior revolving credit facility (the "2027 RCF") entered into a new senior secured revolving credit facility that currently has $140 million of availability. Interest on the new revolving credit facility accrues on drawn amounts at a rate equal to SOFR plus 4.25%, subject to certain adjustments. The new revolving credit facility is secured by substantially the same assets as the 2030 Facility and matures in September 2030. The 2027 RCF, which was scheduled to mature in March 2027, has been repaid in full and cancelled.
Additionally, Liberty Puerto Rico has successfully raised an additional $200 million senior secured term loan financing through existing unrestricted subsidiaries. This additional financing was advanced as an incremental term loan under the 2030 Facility, has a fixed interest rate of 12.0% per annum, and is secured by substantially the same assets as the 2030 Facility. $150 million of the new facility has been drawn and $50 million will be available over the next twelve months. The additional financing was made available by Helix Partners and Silver Point Capital.
Christopher Noyes, SVP, Chief Financial Officer for Liberty Latin America, commented, "These new financing agreements, which follow the $260 million secured facility previously announced in September 2025, continue to demonstrate the value of the local assets and their ability to support liquidity for Liberty Puerto Rico."
Moelis & Company LLC acted as financial adviser and Latham & Watkins LLP and Ropes & Gray LLP acted as legal counsels to Liberty Puerto Rico.
Forward-Looking Statements and Disclaimer
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our Puerto Rico operations' future financial condition, liquidity, and performance; and other information and statements that are not historical fact. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. These risks and uncertainties include risks referred to in our filings with the Securities and Exchange Commission, including our most recently filed Form 10-K and Form 10-Q. These forward-looking statements speak only as of the date of this press release. We expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions, or circumstances on which any such statement is based.
ABOUT LIBERTY LATIN AMERICA LTD.
Liberty Latin America is a leading communications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands BTC, Flow, Liberty, and Más Móvil. 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 subsea and terrestrial fiber optic cable network that connects over 30 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).
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