Ropes & Gray Advises Liberty Global on C&W Acquisition Financing

In The News
November 20, 2015

Ropes & Gray advised Liberty Global plc on the financing arrangements in connection with the proposed recommended acquisition of Cable & Wireless Communications plc by Liberty Global, announced Nov. 16. The transaction is based on a total equity value of approximately £3.5 billion ($5.3 billion) for Cable & Wireless.

Liberty Global has put in place a number of financing arrangements in connection with the announcement of the proposed acquisition, including in respect of certain funds financing in compliance with the U.K.’s City Code on Takeovers and Mergers, we well as certain bridge and bank loan facilities.

London finance partners Robert Haak and Jane Rogers co-led the Ropes & Gray team alongside associate Alexander Robb.

“Our work with Liberty is always a great team effort; collaborating closely with their in-house finance lawyers, Ruchi Kaushal, Nina Alitalo and Ian Johnston, and always working within a very tight time limit. We have again demonstrated our ability to operate seamlessly across both bank and bond products on complex acquisition finance transactions,” said Mr. Haak.

After only five years in London, Ropes & Gray has established itself as a leader in European high yield financings and is ranked top legal issuer advisor in corporate high yield bonds for EMEA Q1-3 by Bloomberg.