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Cable & Wireless Communications Completes $750 Million High Yield Bond Offering
- Client News
- August 5, 2015
Practices
Paul, Weiss client Cable & Wireless Communications Plc, a telecommunications services provider operating in 43 countries, principally in the Caribbean and Latin America, issued $750 million 6.875% senior notes due 2022 through a finance subsidiary. A portion of the proceeds of the offering were applied to refinance term loans borrowed in connection with funding the acquisition of Columbus International Inc., which closed on March 31.
The London office, working with our New York and Washington offices, advised Cable & Wireless on the offering and as previously reported had, together with Slaughter and May, advised Cable & Wireless on the acquisition of Columbus. Slaughter and May also advised on English law aspects of the offering.
The Paul, Weiss team included securities partner Mark Bergman; finance partner Eric Goodison and counsel Pearl Yuan-Garg; tax partner David Mayo; and regulatory counsel Richard Elliot.