Cable & Telecom

Columbus raises $1.25B earmarked for future expansion

BARBADOS – Caribbean telco Columbus International has closed a US$1,250,000,000 bond offering of senior unsecured notes that it says will help to fund its future Caribbean-Latin America expansion plans.The notes were issued with a 7.375% coupon, priced at par and will mature in 2021.  A portion of the proceeds of the offering will be used to retire the US$640,000,000 senior secured 11.5% notes Columbus issued in 2009, as well as its US$212,000,000 senior unsecured 9.5% notes, and to fund early redemption fees on these two series of notes.  The balance of the net proceeds may be applied to pay up...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.