Cable & Wireless Communications - issue of US$400 million 8¾% Senior Secured Notes23 Jan 2012
Slaughter and May, working as an integrated team with Paul, Weiss, Rifkind, Wharton & Garrison LLP and Walkers Global, is advising Cable & Wireless Communications Plc on the issue by its subsidiary, Sable International Finance Limited, of US$400 million 8¾% Senior Secured Notes due 2020 (the 'Notes') fully and unconditionally guaranteed by Cable & Wireless Communications Plc and certain of its subsidiaries.
The Notes, which will be issued on 26 January 2012, are to be admitted to listing on the Official List of the FSA and to trading on the regulated market of the London Stock Exchange.
Barclays Bank PLC, HSBC Securities USA Inc., J.P. Morgan Securities LLC and The Royal Bank of Scotland plc are acting as joint lead book-running managers and BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Lloyds Securities Inc. as joint book-running managers. BNP Paribas Securities Corp. also acted as financial adviser to the issuer with respect to the offering of the Notes.
Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as US counsel; and Walkers Global advised as to Cayman law.
Financing: Sanjev Warna-kula-suriya (partner), Alex Biles (associate), Harry Bacon (associate); Tax: Graham Iversen (partner)
Paul, Weiss, Rifkind, Wharton & Garrison LLP: Mark Bergman (partner) Nitin Shenoy Konchady (associate), Lyudmila Bondarenko (associate)
Walkers Global: Rob Jackson (partner), Justin Hart (associate)
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