Liberty Latin America Executes 10-for-11 Reverse Split, Secures $340M Debt and Issues 9% Preference Shares
LILA•Liberty Latin America executed a 10-for-11 reverse stock split on June 1, 2026 and raised $200 million through a secured term loan at a fixed 12% rate maturing in 2030. It also arranged a $140 million revolving credit facility at SOFR+4.25% and issued 9% preference shares as a special dividend.
1. Reverse Stock Split Details
On June 1, 2026, the company executed a 10-for-11 reverse stock split, converting every 11 outstanding shares into 10 to streamline its share count and meet listing requirements.
2. Secured Term Loan Financing
A subsidiary secured a $200 million term loan backed by its network and spectrum assets, carrying a 12% fixed annual interest rate and maturing in 2030, with $150 million available immediately and an additional $50 million accessible within 12 months.
3. Revolving Credit Facility
The company arranged a new $140 million revolving credit facility at SOFR plus 4.25% interest, replacing its prior facility and also maturing in 2030 to bolster its liquidity position.
4. Special Dividend Issuance
Shareholders received 9% preference shares as a special dividend with a record date of June 1, 2026, aligning the dividend distribution with the reverse stock split as part of a coordinated financial strategy.
