by Stephen Carter
Feb 06, 2025 12:00 PM ET
C&W Senior Finance Limited (Cable & Wireless) (CWCFIN) US$550m 144A/Reg S sr notes due 01/15/33 (8y). NC3 (01/15/28) (MWC T+50bp) (50%,25%,par). Equity claw: 3y 40%. B2/B+/BB- (negative/stable/stable). Via JPM (B&D)/BNP/CIBC/Citi/GS/Santander/Scotia jt books. No reg rights. List ISE. NY law. Settles T+3. IPT: 9.25% area.
Price talk: 9.00%-9.25%.
Did investor call at 10:30am NYT 02/06. Books close at 2pm 02/06. Pricing 02/06 afternoon. UOP: redeem $535m of its $735m 6.875% sr notes due 09/15/27 (callable at 100.589). Biz: C&W Communications, a sub of Liberty Latin America, is a full-service fixed, mobile and sub-sea network provider in the Caribbean, Latin America and the Seychelles (sub of Liberty Latin America). HQ: London, UK.