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.

Shearman & Sterling represented Citigroup Global Markets, BNP Paribas, Credit Suisse, J.P. Morgan Securities, RBC Capital Markets and Scotia Capital with a team including Jacques McChesney (Picture), Marwa Elborai, Gordon Houseman, Elena Dzhurova, Peter Hayes, Danforth Newcomb, Kristen Garry, Kenneth J. Laverriere, Eric Grosshandler, Daniel Kachmar, Simon Letherman and Eunjee Chae.

Involved fees earner: Eunjee Chae – Shearman & Sterling; Marwa Elborai – Shearman & Sterling; Kristen Garry – Shearman & Sterling; Eric Grosshandler – Shearman & Sterling; Peter Hayes – Shearman & Sterling; Gordon Houseman – Shearman & Sterling; Daniel Kachmar – Shearman & Sterling; Kenneth Laverriere – Shearman & Sterling; Simon Letherman – Shearman & Sterling; Jacques McChesney – Shearman & Sterling; Danforth Newcomb – Shearman & Sterling; Elena Dzhurova – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: BNP Paribas; Citigroup Global Markets Ltd; Credit Suisse; JP Morgan Securities; RBC Capital Markets; Scotia Capital Inc.;