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Company name

Cabletica S.A.

Project number

13990-01

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.

E&S category
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B

Country

Costa Rica

Sector

Digital Economy

Status

In implementation

Disclosed date

04/12/2022

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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05/13/2022

Approval date

05/13/2022

Signed date

01/12/2023

Sponsoring entity

Liberty Latin America Ltda.

Investment Operations Department Contact

Portfolio Management Division

Investment type

Syndicated amount

USD $ 450,000,000

Financing amount

USD $ 50,000,000

Currency

USD

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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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

CABLETICA - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

235.5 Kb

CABLETICA - ENVIRONMENTAL AND ACTION PLAN (ESAP)

122.9 Kb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

Ipianalto@lla.com

PHONE NUMBER

+44 777 998 1166

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

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Learn more about how we provide private-sector solutions in the region .