GCI Liberty’s $600 Million Notes Offering


Baker Botts LLP advised GCI Liberty, Inc. on the deal.

GCI Liberty, Inc. announced that its wholly-owned subsidiary, GCI, LLC (“GCI”), has completed the previously announced sale to initial purchasers in a private offering of $600 million aggregate principal amount of new 4.750% senior notes due 2028. The net proceeds of the offering, together with cash on hand and net proceeds from expected incremental borrowings under GCI’s senior credit facility, will be used to fund the redemption of all $450 million aggregate outstanding principal amount of GCI’s 6.875% Senior Notes due 2025 and the redemption of all $325 million aggregate outstanding principal amount of GCI’s 6.625% Senior Notes due 2024.

GCI Liberty, Inc. provides telecommunication services. The Company offers broadband, television, tariff information, bills payment, connection and installation, and other related services. GCI Liberty serves customers in the United States.

The Baker Botts Team was led by Samantha Crispin (Picture) and also included Adorys Velazquez, Preston Bernhisel, Lee Davis, Rosemary Maberry, Derek Gabriel, Robert Wann, Clint Culpepper, Taylor Courtade, Tamar Stanley, Josh Mandell and Scott Langley.

Involved fees earner: Preston Bernhisel – Baker Botts; Taylor Courtade – Baker Botts; Clint Culpepper – Baker Botts; Lee Neel Davis – Baker Botts; Derek Gabriel – Baker Botts; Samantha Hale Crispin – Baker Botts; Scott Langley – Baker Botts; Josh Mandell – Baker Botts; Rosemary Parravano Maberry – Baker Botts; Tamar Stanley – Baker Botts; Adorys Velazquez – Baker Botts; Robert Wann Jr. – Baker Botts;

Law Firms: Baker Botts;

Clients: GCI Liberty;

Author: Ambrogio Visconti