Baker Botts Represents GCI Liberty in $600 Million Notes Offering
Deal Description: GCI Liberty, Inc. announced today that its wholly-owned subsidiary, GCI, LLC (“GCI”), has completed the previously announced sale to initial purchasers in a private offering of $600 million aggregate principal amount of new 4.750% senior notes due 2028. The net proceeds of the offering, together with cash on hand and net proceeds from expected incremental borrowings under GCI’s senior credit facility, will be used to fund the redemption of all $450 million aggregate outstanding principal amount of GCI’s 6.875% Senior Notes due 2025 and the redemption of all $325 million aggregate outstanding principal amount of GCI’s 6.625% Senior Notes due 2024.
Baker Botts L.L.P. represented GCI in the Offering.
The Baker Botts Team:
Corporate: Samantha Crispin (Partner, Dallas); Adorys Velazquez (Partner, New York); Preston Bernhisel (Partner, Dallas); Lee Davis (Senior Associate, Washington D.C.); Rosemary Maberry (Associate, Dallas); Derek Gabriel (Associate, Dallas).
Finance: Robert Wann (Partner, New York); Clint Culpepper (Senior Associate, Austin); Taylor Courtade (Associate, Dallas).
Tax: Tamar Stanley (Partner, New York); Josh Mandell (Partner, Dallas); Scott Langley (Special Counsel, New York).
For more information, please see GCI’s news release by clicking here.
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