Chicago, April 16 – VTR Comunicaciones SpA sold a $410 million offering of 4 3/8% notes due April 15, 2029 at par (Ba3/B+), according to a listing notice.
Proceeds from the Rule 144A and Regulation S notes will be used to repay the $244 million term loan due 2023, partially redeem the 5 1/8% secured notes due 2028 and for general corporate purposes, according to Moody’s Investors Service.
The Chilean telecommunications unit is a Santiago-based subsidiary of Liberty Global.
| Issuer: | VTR Comunicaciones SpA
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| Issue: | Notes
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| Amount: | $410 million
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| Maturity: | 2029
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| Coupon: | 4 3/8%
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| Price: | Par
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| Yield: | 4 3/8%
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| Settlement date: | April 9
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| Ratings: | Moody’s: Ba3
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| S&P: B+
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| Distribution: | Rule 144A and Regulation S
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