Leading global law firm Baker McKenzie advised a syndicate of eight initial purchasers on the US $410 million high yield bond issuance by VTR Communicaciones SpA, a subsidiary of Liberty Latin America and leading provider of video, broadband internet, fixed-line and mobile telephony services in Chile. The issuance was comprised of a US$410 million aggregate principal amount of 4.375% senior secured notes due 2029 issued by VTR Communicaciones SpA.

J.P. Morgan acted as Global Coordinator and BNP PARIBAS, Credit Suisse, Deutsche Bank Securities, Goldman Sachs & Co. LLC, Morgan Stanley, Santander and Scotiabank acted as Joint Bookrunners in connection with the transaction.

Baker McKenzie New York-qualified London-based partner, Haden Henderson said of the deal, “It was great to support Liberty Latin America, VTR and the initial purchasers on another excellent transaction. This deal represents the latest example of our full service bank/bond finance practice in action and demonstrates our continued strength in advising clients in the TMT sector.”

The Baker McKenzie team was led by London-based partner Haden Henderson, supported by associates Benjamin Bierwirth and Andrew J Brown, and trainee Abigail Saffron. The London team was supported by teams from the Firm’s offices in the US (partners Kai Kramer and Patricia McDonald and associate Patrick Renckly) and Amsterdam (partner Philippe Steffens and associate Emilie Huberts).

The transaction launched on March 10, 2021, with pricing on the same day and closing March 18, 2021.
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