Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Liberty Latin America Ltda.
USD $ 450,000,000
USD $ 50,000,000
Project scope and objective
The proposed investment consists of a potential transaction with Cabletica S.A. comprised of: (i) a Senior Loan for up to US$50 million (“Loan A”); and (ii) a Senior Loan for up to US$450 million (“Loan B”), the proceeds of which would be used to finance projects that include a sustainable and/or social component related to investments in mobile infrastructure, refinance certain financial obligations, working capital and general corporate purposes.
The objective of the transaction is to support the deployment of telecommunications infrastructure, achieving greater digital access and broadband quality in Costa Rica, allowing Cabletica to expand its subscriber base in the medium term. Additionally, part of the proceeds from the transaction will be used to refinance existing debt so that it is aligned with Cabletica's long-term strategic integration plans.
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