Columbus International starts 7 3/8% notes change-of-control offer

New York, May 24 – Columbus International Inc. said it has begun a change-of-control offer to buy its $1.25 billion of 7 3/8% senior notes due 2021.

The company is offering to pay $1,010 per $1,000 principal amount plus accrued interest up to and including the expected settlement date of June 23.

The tender ends at 5 p.m. ET on June 20, according to a notice.

Columbus is required to make the offer under the terms of the notes following the acquisition of its indirect parent company Cable & Wireless Communications plc by Liberty Global plc, a transaction that closed on May 16.

Columbus International is a Barbados-based telecommunications company.

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