Liberty Global’s HY pushes Chilean innovation

Author: Zoe Thomas | Published: 5 Mar 2014
  • VTR Financial sold the largest debt securities offering in Chilean history at the end of January;
  • The deal allowed the parent, Liberty Global to place VTR within its own credit pool, boosting its ability to leverage local market opportunities;
  • The offering was part of a restructuring to cut intercompany indebtedness

Liberty Global’s high-yield offering and debt restructuring that reorganises its Chilean holding, VTR Financial has employed an innovative stand-alone credit pool.

The offering on January 28 of $1.4 billion worth of notes was...