Telecommunications Company Corporate Debt Refinancing

In 2014, Patterson Belknap acted as issuer’s counsel in connection with the refinancing of corporate debt for a Barbados-based telecommunications company that owns and operates subsea fiber optic cable networks in the Caribbean, Central America and South America. The $1.25 billion multi-jurisdictional financing included a repayment of existing debt, the release of collateral in multiple jurisdictions and the listing of notes on the Luxembourg Stock Exchange. Since closing the refinancing, Patterson Belknap has advised the client as to covenant matters in connection with its sale of to a multinational telecommunications company headquartered in London.