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LIBERTY LATIN AMERICA'S C&W CREDIT SILO COMPLETES REFINANCING PROGRAM; ISSUES NEW $755 MILLION SENIOR NOTES DUE 2033

1. Liberty Latin America issued $755 million senior notes due 2033 at 9.0% coupon. 2. Proceeds will redeem $735 million senior notes due 2027; extends maturity profile. 3. Total $3.3 billion raised in six months shows strong market access. 4. C&W's refinancing strengthens position for future growth in the Latin American market.

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FAQ

Why Bullish?

The successful bond issuance strengthens liquidity and reduces near-term repayment pressures, which is generally positive for stock prices. Past examples show similar refinancing actions leading to stock price appreciation when effectively managed.

How important is it?

The refinancing directly impacts LILA's financial strategy and market perceptions, potentially leading to increased investor confidence and thus impacting the stock price positively.

Why Long Term?

By improving the maturity profile and financial stability, LILA positions itself for sustained growth. Long-term benefits should be observed as market confidence builds around financial health.

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LILALILAKLILAB
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America’s (“LLA” or the “Company”) largest credit silo, Cable & Wireless (“C&W”), has priced new $755 million senior notes due 2033 with a 9.0% coupon at par. Net proceeds from the issuance will be used to fully redeem C&W’s $735 million senior notes due 2027. This notes issuance is expected to close on February 11, 2025. Chris Noyes, Liberty Latin America’s CFO, said, “This transaction completes our near-term refinancing objectives for the C&W credit silo. We have now successfully extended C&W’s maturity profile to approximately 6.5 years and combined with the $1.0 billion refinancing of C&W’s Senior Secured and Senior Notes last October and the $1.5 billion pricing of the new Term Loan in late January, we have raised $3.3 billion in aggregate in under six months. This latest issuance announced and priced on the same day, was significantly subscribed, highlights our ability to access markets efficiently, demonstrates the strength of the C&W credit silo, and positions the business for continued growth.” ABOUT LIBERTY LATIN AMERICA 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 approximately 40 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). For more information, please visit www.lla.com.

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