Ropes & Gray Advises Cable & Wireless Communications on Two Bond Offerings
Ropes & Gray has advised Cable & Wireless Communications Limited and its subsidiaries on two recent complex high yield bond issuances.
Sable International Finance Limited issued $400m of Senior Secured Notes due 2027 adding secured bonds to the Cable & Wireless capital structure. The firm has also advised Cable & Wireless Communications Limited on the issuance of $300m Senior Notes due 2027 issued as additional notes to the existing $700m Senior Notes due 2027 originally issued in August 2017 by C&W Senior Financing Designated Activity Company. The proceeds from the offerings were used to refinance existing indebtedness of subsidiaries of Cable & Wireless Communications Limited.
The Ropes & Gray team was led by finance partner Robert Haak, alongside finance associates Ana Biloglav and Shabdita Gupta. All are based in the firm's London office.
Robert Haak, finance partner at Ropes & Gray, said: “The London team’s knowledge of US and European debt markets and innovative financing structures, across both bank and bond products, offers clients maximum flexibility in their choice of debt instrument to create solutions for all of their financing needs.”