Liberty Puerto Rico, a subsidiary of Liberty Latin America, has successfully raised a new five-year $250 million secured financing facility. This financing was secured through an unrestricted subsidiary, with $200 million already drawn and an additional $50 million to be available over the next twelve months. The facility is set to mature in 2030 and carries a fixed coupon of 9.75% per annum.
The new financing is secured by specific fixed network and wireless spectrum assets belonging to the Puerto Rico business. Diameter Capital Partners provided this capital, which is intended to support business operations and future investments within the segment. This move aligns with the strategic initiatives announced during Liberty Latin America's Q2 2025 earnings results.
Christopher Noyes, SVP and CFO for Liberty Latin America, confirmed that this facility fulfills the intention to meet liquidity requirements in Puerto Rico by utilizing local assets. The incremental capital is expected to further support the business's operations and future investments, contributing to the segment's ongoing recovery and potential separation from the parent company.
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