VTR’s $1.15 Billion High Yield Bond Offering

Baker McKenzie and Philippi Prietocarrizosa Ferrero DU & Uría advised a syndicate of eight initial purchasers on the offering. Carey advised VTR

VTR, a subsidiary of Liberty Latin America, completed a $1.15 billion high yield bond offering. The issuance was comprised of a US $600 million aggregate principal amount of 5.125% senior secured notes due 2028 issued by VTR Communicaciones SpA and a US $550 million aggregate principal amount of 6.375% senior notes due 2028 issued by VTR Finance N.V.

J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC acted as Global Coordinators and BNP Paribas, Credit Suisse, Deutsche Bank, Morgan Stanley, Santander and Scotiabank acted as Joint Bookrunners in connection with the transaction.

Carey advised VTR with Pablo Iacobelli, Patricia Silberman,  Fernando Noriega, Feliciano Tomarelli, Francisca Castillo and Carolina Said.

The Baker McKenzie team was led by partner Haden Henderson (Picture), supported by associates Samantha Greer, Benjamin Bierwirth, Andrew J Brown, Luke Hackett, Sven Bates, trainee Chloe Potter, partner Philippe Steffens, associates Emilie Huberts, Jot van Suijlen, partners Kai Kramer, Patricia McDonald, Terry Gilroy and associate Ross Staine.

Philippi Prietocarrizosa Ferrero DU & Uría advised the initial purchasers with a team including Marcelo Armas, Marcela Silva, Daniel Parodi, Pedro Pablo Valenzuela, Santiago Mesías, Macarena Soto and Vera Yacher.

Involved fees earner: Sven Bates – Baker McKenzie; Benjamin Bierwirth – Baker McKenzie; Andrew J Brown – Baker McKenzie; Terence Gilroy – Baker McKenzie; Samantha Greer – Baker McKenzie; Luke Hackett – Baker McKenzie; Haden Henderson – Baker McKenzie; Emilie Huberts – Baker McKenzie; Kai Kramer – Baker McKenzie; Patricia McDonald – Baker McKenzie; Chloe Potter – Baker McKenzie; Ross Staine – Baker McKenzie; Philippe Steffens – Baker McKenzie; Jot van Suijlen – Baker McKenzie; Francisca Castillo – Carey; Pablo Iacobelli – Carey; Fernando Noriega – Carey; Carolina Said – Carey; Patricia Silberman – Carey; Feliciano Tomarelli – Carey; Marcelo Armas Mac Donald – Philippi Prietocarrizosa Ferrero DU & Uría; Santiago Mesías – Philippi Prietocarrizosa Ferrero DU & Uría; Daniel Parodi – Philippi Prietocarrizosa Ferrero DU & Uría; Marcela Silva – Philippi Prietocarrizosa Ferrero DU & Uría; Macarena Soto – Philippi Prietocarrizosa Ferrero DU & Uría; Pedro Pablo Valenzuela – Philippi Prietocarrizosa Ferrero DU & Uría; Vera Yacher – Philippi Prietocarrizosa Ferrero DU & Uría;

Law Firms: Baker McKenzie; Carey; Philippi Prietocarrizosa Ferrero DU & Uría;

Clients: BNP Paribas; Credit Suisse; Deutsche Bank; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Morgan Stanley; Santander; Scotiabank; VTR Comunicaciones ;