Deal Description: On October 1, 2020 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.
Baker Botts represented Liberty Latin America in the rights offering.
Baker Botts Lawyers/Office Involved:
Corporate: Jonathan Gordon (Partner, New York); Adorys Velazquez (Partner, New York); Catherine Gallagher (Partner, Washington, D.C.); Beverly Reyes (Partner, New York); John Johnston (Special Counsel, New York); Madeline Tusa (Associate, New York)
For more information, please see Liberty Latin America’s news release here.
ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 13 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy and technology sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.