REG - Cable & Wireless Int - Partial cancellation of guaranteed bonds

Liberty GlobalAnnouncement

01/11/2018 14:15

RNS Number : 0673G
Cable & Wireless Intnl Finance B.V.
01 November 2018
 


Cable and Wireless International Finance B.V.-partial cancellation of outstanding 8.625% guaranteed bonds due 2019
The Netherlands, 1 November 2018-Cable and Wireless International Finance B.V. (the "Company") cancelled £63,100,000 aggregate principal amount of its outstanding 8.625% guaranteed bonds due 2019 (the "Bonds") on 31 October 2018 following the repurchase of such Bonds by the Company in connection with the previously announced tender offer to repurchase any and all of the Bonds for cash (the "Offer"), which expired at 5:00 p.m. London time on 26 October 2018 (the "Cancellation").
The details and results of the Cancellation of the Bonds are set out in the table below:




Description of the
Bonds




ISIN




Maturity Date




Aggregate Principal Amount preceding the Cancellation(1)




Aggregate Principal Amount subject to the Cancellation




Aggregate Principal Amount following the Cancellation





8.625%
Guaranteed Bonds due 2019


XS0050504306


25 March 2019
 
 


£200,000,000
 
 


£63,100,000


£136,900,000



 
(1)           The aggregate principal amount preceding the Cancellation comprises bonds sold pursuant to Regulation S under the U.S. Securities Act of 1933, as amended. The aggregate principal amount of Bonds outstanding prior to the Cancellation was £200,000,000, of which Cable & Wireless Limited repurchased but did not cancel £53.3 million prior to the date hereof. Cable & Wireless Limited did not participate in the Offer.
Following the Cancellation, £136,900,000 in aggregate principal amount of the Bonds will remain outstanding and listed on the London Stock Exchange.
About the Company
The Company is a wholly-owned subsidiary of Cable & Wireless Communications Limited ("CWC"), a diversified communications company, with operations primarily in the Caribbean. CWC's core operating business consists of (i) providing video, broadband internet and telephony services and (ii) the sale and lease of telecom capacity provided by our undersea fiber optic cable network. The Company is a privately-held company registered in the Netherlands. The Company's ultimate parent is Liberty Latin America Ltd.
 
 
                                                                                                                                                                                                                                                                                                                                                  




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