Baker Botts LLP advised Liberty Latin America Ltd. on the deal.
Liberty Latin America Ltd. (“Liberty Latin America”) announced the final results of its rights offering, which was fully subscribed and expired in accordance with its terms at 5:00 p.m., New York City time, on September 25, 2020. In the rights offering, Liberty Latin America received validly exercised basic subscription requests amounting to approximately 96.7% of the 49,049,073 Class C common shares to be issued in the rights offering.
Liberty Latin America expects to receive gross proceeds from the rights offering of approximately $350 million, before expenses. The net proceeds from the rights offering will be used to finance acquisitions, including Liberty Latin America’s recently announced Telefónica Costa Rica Acquisition, and for general corporate purposes.
Liberty Latin America Ltd. operates as a telecommunication company. The Company offers video, broadband Internet, telephony, and mobile services. Liberty Latin America also delivers entertainment services. Liberty Latin America serves customers in Chile, Puerto Rico, the Caribbean, and Latin America.
The Baker Botts team was led by Jonathan Gordon (Picture) and also included Adorys Velazquez (Partner, New York), Catherine Gallagher (Partner, Washington, D.C.), Beverly Reyes (Partner, New York), John Johnston (Special Counsel, New York), Madeline Tusa, Jon Lobb (Partner, Houston), Snow Rui (Associate, Dallas), Gail Stewart (Partner, Houston) and Krisa Benskin.
Involved fees earner: Krisa Benskin – Baker Botts; Catherine Gallagher – Baker Botts; Jonathan Gordon – Baker Botts; John Johnston – Baker Botts; Jon Lobb – Baker Botts; Beverly Reyes – Baker Botts; Gail Stewart – Baker Botts; Madeline Tusa – Baker Botts; Adorys Velazquez – Baker Botts; Snow Xue Rui – Baker Botts;
Law Firms: Baker Botts;
Clients: Liberty Latin America Ltd;