Liberty Latin America Enters Material Agreement
Ticker: LILAB · Form: 8-K · Filed: Sep 30, 2024 · CIK: 1712184
| Field | Detail |
|---|---|
| Company | Liberty Latin America Ltd. (LILAB) |
| Form Type | 8-K |
| Filed Date | Sep 30, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.01, $384.0 million, $196.0 million, $1,000.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
Liberty Latin America just signed a big deal, creating new financial obligations.
AI Summary
On September 24, 2024, Liberty Latin America Ltd. entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to these events.
Why It Matters
This filing signals a significant new financial commitment or arrangement for Liberty Latin America, which could impact its future financial obligations and operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating new financial obligations can introduce financial risks and operational changes that warrant careful consideration.
Key Players & Entities
- Liberty Latin America Ltd. (company) — Registrant
- September 24, 2024 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Liberty Latin America Ltd. enter into?
The filing states that Liberty Latin America Ltd. entered into a material definitive agreement, but the specific details of the agreement are not provided in this summary.
What is the nature of the financial obligation created by this filing?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for Liberty Latin America Ltd., but the specifics are not detailed here.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on September 24, 2024.
What other items are included in this 8-K filing besides the material agreement?
In addition to the material definitive agreement and financial obligation, the filing also includes financial statements and exhibits.
What is Liberty Latin America Ltd.'s fiscal year end?
Liberty Latin America Ltd.'s fiscal year ends on December 31.
Filing Stats: 1,747 words · 7 min read · ~6 pages · Grade level 13.3 · Accepted 2024-09-30 16:06:09
Key Financial Figures
- $0.01 — tered Class A Common Shares, par value $0.01 per share LILA The NASDAQ Stock Market
- $384.0 million — nt, in an aggregate principal amount of $384.0 million (the " 2024 Extended Class B Revolving
- $196.0 million — ng effect to the Extension Amendment is $196.0 million. The obligations of the Borrowers and
- $1,000.0 million — terms and conditions set forth therein, $1,000.0 million aggregate principal amount of its 7.125
Filing Documents
- lila-20240924.htm (8-K) — 47KB
- 0001712184-24-000220.txt ( ) — 213KB
- lila-20240924.xsd (EX-101.SCH) — 2KB
- lila-20240924_def.xml (EX-101.DEF) — 16KB
- lila-20240924_lab.xml (EX-101.LAB) — 27KB
- lila-20240924_pre.xml (EX-101.PRE) — 16KB
- lila-20240924_htm.xml (XML) — 4KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. A. 2024 Extended Class B Revolving Credit Commitment On September 24, 2024, Sable International Finance Limited (" SIFL ") and Coral-US Co-Borrower LLC, as borrowers (together with SIFL, the " Borrowers "), certain guarantors named therein (the " Guarantors "), The Bank of Nova Scotia, as administrative agent (the " Administrative Agent ") and security trustee and the lenders named therein (the " 2024 Extending Class B Revolving Credit Lenders ") entered into an extension amendment (the " Extension Amendment ") to the existing amended and restated credit agreement, dated as of January 24, 2020, as further amended as of September 23, 2021 and May 22, 2023 (as amended, restated, supplemented or otherwise modified from time to time, the " Existing Credit Agreement "). Each of the Borrowers and the Guarantors is a wholly-owned indirect subsidiary of Liberty Latin America Ltd. Under the terms of the Extension Amendment, the 2024 Extending Class B Revolving Credit Lenders agreed to extend the maturity date of their respective 2021 Extended Class B Revolving Credit Commitments under (and as defined in) the Existing Credit Agreement, in an aggregate principal amount of $384.0 million (the " 2024 Extended Class B Revolving Credit Commitments "), to (i) July 31, 2027, upon the consummation of the repayment, redemption, discharge, replacement, extension and/or refinancing in full of the 5.750% senior secured notes due 2027 issued by SIFL and the 6.875% senior notes due 2027, issued by C&W Senior Finance Limited, as successor issuer (the " 2027 Notes Refinancing "); provided that any indebtedness the proceeds of which are used for such 2027 Notes Refinancing has a final stated maturity occurring on or after March 24, 2030; (ii) April 15, 2029, if the 2027 Notes Refinancing has occurred, upon t
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit No. Exhibit Name 101.SCH XBRL Inline Taxonomy Extension Schema Document. 101.DEF XBRL Inline Taxonomy Extension Definition Linkbase. 101.LAB XBRL Inline Taxonomy Extension Label Linkbase Document. 101.PRE XBRL Inline Taxonomy Extension Presentation Linkbase Document. 104 Cover Page Interactive Data File.* (formatted as Inline XBRL and contained in Exhibit 101) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LIBERTY LATIN AMERICA LTD. By: /s/ John M. Winter John M. Winter Senior Vice President, Chief Legal Officer & Secretary Date: September 30, 2024