4 August, 2015

CWC PLC Announces Pricing of its offering of US$750 Million Senior Notes

Cable & Wireless Communications Plc ("CWC") today announces that it has priced the offering of US$750 million aggregate principal amount of Senior Notes due 2022 (the "Notes") to be issued by its finance subsidiary, Sable International Finance Limited. The Notes will bear interest at 6.875% per annum, payable semi-annually in arrears on 1 February and on 1 August of each year, beginning on 1 February 2016. The Notes are expected to be issued on 5 August 2015. The Notes are unsecured and guaranteed by CWC and certain of its subsidiaries.

The net proceeds from the offering of the Notes will be used primarily to repay a US$390 million senior secured two-year term facility and a US$300 million senior unsecured two-year term facility, the initial proceeds of which were used to finance a portion of the consideration for the acquisition of Columbus International Inc. The remaining net proceeds will be used for general corporate purposes.

Click here to download the article

CWC PLC Announces Pricing of its offering of US$750 Million Senior Notes

C&W Communications makes call for ‘Safer Internet’

C&W highlights role of emerging tech at CANTO AGM

Andrea Liverpool appointed Country Manager of Flow St Vincent & The Grenadines

C&W Joins Global Efforts for 16 Days of Activism Against Gender-Based Violence

C&W Foundation Delivers Message of Hope for Caribbean Communities

C&W highlights role of emerging tech at CANTO AGM

C&W Communications makes call for ‘Safer Internet’