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Liberty Latin America Announces Proposed Offering of $350 Million of Convertible Senior Notes Dues 2024

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Denver, Colorado–(BUSINESS WIRE)–Liberty Latin America Ltd. (“Liberty Latin America”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced that it intends to offer, subject to market and other conditions, $350 million aggregate principal amount of Convertible Senior Notes due 2024 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Liberty Latin America also intends to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $52.5 million aggregate principal amount of the Notes in connection with the offering.

The Notes will be general unsecured senior obligations of Liberty Latin America, pay interest semi-annually in arrears on January 15 and July 15 of each year, beginning on January 15, 2020, mature on July 15, 2024 (unless earlier repurchased, redeemed or converted), and be convertible into Liberty Latin America’s Class C common shares, cash, or a combination of shares and cash, at Liberty Latin America’s election. The interest rate on, the initial conversion rate of, and other terms of the Notes will be determined by negotiations between Liberty Latin America and the initial purchasers of the Notes.

Other than a redemption for a change in certain tax laws, Liberty Latin America may not redeem the Notes prior to July 19, 2022. On or after July 19, 2022, Liberty Latin America may redeem for cash all or a portion of the Notes if the last reported sale price of Liberty Latin America’s Class C common shares has been at least 130% of the conversion price then in effect on (i) each of at least 20 trading days (whether or not consecutive) during the 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date Liberty Latin America provides notice of redemption and (ii) the trading day immediately preceding the date Liberty Latin America provides such notice.

Liberty Latin America expects to use a portion of the net proceeds from the sale of the Notes to fund the cost of the capped call transactions described below and use the remaining funds for other general corporate purposes. If the initial purchasers exercise their option to purchase additional Notes, Liberty Latin America expects to use a portion of the net proceeds from the sale of the additional Notes to enter into additional capped call transactions and use the remaining funds for other general corporate purposes.

In connection with the offering of the Notes, Liberty Latin America also intends to enter into privately negotiated capped call transactions with one or more of the initial purchasers of the Notes or their affiliates and other financial institutions (the “option counterparties”). The capped call transactions are expected to reduce the potential dilution to Liberty Latin America’s Class C common shares upon any conversion of the Notes and/or offset the cash payments Liberty Latin America is required to make in excess of the principal amount of converted Notes, as the case may be, with such reduction and/or offset subject to a cap. If the initial purchasers exercise their option to purchase additional Notes, Liberty Latin America intends to enter into additional capped call transactions with the option counterparties. In connection with establishing their initial hedge of the capped call transactions, Liberty Latin America expects that the option counterparties will purchase Liberty Latin America’s Class C common shares and/or enter into various derivative transactions with respect to Liberty Latin America’s common shares concurrently with or shortly after the pricing of the Notes. These activities could have the effect of increasing, or reducing the size of a decline in, the market price of Liberty Latin America’s Class C common shares or the Notes concurrently with, or shortly following, the pricing of the Notes. In addition, the option counterparties (and/or their respective affiliates) may modify their hedge positions by entering into or unwinding various derivatives with respect to the Liberty Latin America’s Class C common shares and/or purchasing or selling Liberty Latin America’s Class C common shares or other securities of Liberty Latin America in secondary market transactions following the pricing of the Notes and prior to the maturity of the Notes (and are likely to do so during any observation period related to a conversion of Notes). Any of these activities could cause or avoid an increase or a decrease in the market price of Liberty Latin America’s Class C common shares or the Notes and, to the extent any of these activities occurs during any observation period related to a conversion of Notes, could affect the number of shares and value of the consideration that a noteholder will receive upon conversion of the Notes.

In addition, if any such capped call transaction fails to become effective, whether or not this offering of Notes is completed, the option counterparty party thereto may unwind its hedge positions with respect to Liberty Latin America’s Class C common shares, which could adversely affect the value of Liberty Latin America’s Class C common shares and, if the Notes have been issued, the value of the Notes.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any jurisdiction in which, or to any person to whom, such an offer, solicitation or sale would be unlawful. Any offer of the Notes will be made only by means of a private offering memorandum.

The Notes and the Class C common shares issuable upon conversion of the Notes have not been, and will not be, registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold absent registration or an applicable exemption from registration requirements under the Securities Act and applicable state securities laws.

FORWARD-LOOKING STATEMENTS

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the intended launch of a private offering of Notes, the anticipated use of proceeds therefrom and certain related capped call transactions. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, general market conditions. These forward-looking statements speak only as of the date of this press release, and Liberty Latin America Ltd. expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Liberty Latin America Ltd., including its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, for risks and uncertainties related to Liberty Latin America Ltd.’s business which may affect the statements made in this press release.

ABOUT LIBERTY LATIN AMERICA

Liberty Latin America is a leading telecommunications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands VTR, Flow, Liberty, Más Móvil, BTC, UTS and Cabletica. The communications and entertainment services that we offer to our residential and business customers in the region include digital video, broadband internet, telephony and mobile services. Our business products and services include enterprise-grade connectivity, data center, hosting and managed solutions, as well as information technology solutions with customers ranging from small and medium enterprises to international companies and governmental agencies. In addition, Liberty Latin America operates a sub-sea and terrestrial fiber optic cable network that connects over 40 markets in the region.

Liberty Latin America has three separate classes of common shares, which are traded on the NASDAQ Global Select Market under the symbols “LILA” (Class A) and “LILAK” (Class C), and on the OTC link under the symbol “LILAB” (Class B).

Contacts

Investor Relations:

Kunal Patel

+1 786 274 7552

Media Relations:

Claudia Restrepo

+1 786 218 0407

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Business Wire

Colombia based Digital Services Firm Zemoga launches first LatAm world class Device Lab to rival Silicon Valley Tech Giants

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With over USD $350,000 invested, Colombia is the first country in the region to offer a world-class Device Lab driven by design thinking and developed with the same level of quality as Google and Facebook in Silicon Valley

NEW YORK–(BUSINESS WIRE)–#BuildBetter–Based in Colombia, digital services firm, Zemoga, has created the first world class Device Lab in the region to validate, verify and test the design, deployment and operations of digital services they develop for their clients in the Americas. With this latest milestone, Zemoga becomes the first regional digital services firm with a dedicated facility of this level, which further proves the model of the exportation of services and innovation from Colombia pioneered by Zemoga, as well as the further development of design and engineering professionals in Colombia.

Software testing (manual or automated) is a critical component of the process that allows for the proper operation and usability of custom-built applications, which is why Development & QA engineers as well as UX/UI designers are often seen as product ambassadors who serve as mediators between the development team and users of these applications. For this reason, labs such as Zemoga’s become vital work environments that help ensure both the interfaces and mechanics are fully optimized, void of friction and deliver on the intention of the application for the business, and the user applications.

DJ Edgerton, Founder and CEO at Zemoga, explained that the Zemoga Device Lab had from its initial inception and planning set the bar to the highest level of technology and hardware available. “We consulted with our Sony and Walmart clients as to what the expectation was for their business, and then we just pushed it a bit further as we always have. We made an investment of USD $350,000 to our newly designed third floor where the Device Lab is located. We ran the process through design thinking methodologies, putting the user, which in this case is our staff, first.”

“The result is a beautifully efficient work environment that is second to none. Not only in Colombia, but in the world. There is absolutely no reason why this type of advanced technology and service cannot be available from Colombia. It’s a matter of having the courage and confidence to know Colombians can compete, and win, on the world’s technology stage.” added Edgerton.

Zemoga’s Device Lab is also an essential ingredient for any advanced interface developer. In order to perform tests, many companies must rent virtual and actual versions of devices to use, but with the Device Lab, Zemoga’s team will have the physical devices, upwards of 150 currently across multiple manufacturers and platforms, conveniently available on the fly through a custom designed toggle system to use and test directly. It is with this presence that Zemoga can perform tests and upgrades required for any product, on any device allowing them to have the best version possible for final consumers.

These labs, also known as digital farms, can cost between USD $3,000 and USD $7,000 per month to rent, depending on the level of effort required: a very high cost for companies that need to perform constant testing. For this reason, Zemoga developed the Device Lab to deliver for clients a higher level of quality and efficiency in-house in this often overlooked but critically important discipline.

Zemoga will now be able to synchronize the development of digital services with the three disciplines (Design, Development, and QA) in parallel, and they will have a custom space to discuss the nuances and needs of each project. “We’re not only offering a lab with over 150 of the latest and most widely used devices globally, but also providing a dedicated team with a high level of expertise in the experiential and testing automation disciplines of the software development process”, explains Edgerton.

The Device Lab, which is located in the firm’s Bogota HQs, responds to multi screen consuming trends and has more than 150 devices, including Smart TVs, Gaming Consoles, Tablets, Android and iOS mobile devices, Roku, Amazon, Apple TV and Nvidia Shields among others, all divided into separate work stations for teams to develop and test their projects.

Likewise, the project is part of the firm’s long term growth plan, which aims to more than double the company’s staff and revenue by 2021. To prepare for this growth, Zemoga opened the third floor of its HQs to also include a gym, a library, a museum, and the Zemoga Academy, a new venture providing a curriculum of advanced educational workshops and certifications for both Zemoga employees and professionals that are interested in expanding their knowledge in, software engineering, product and user experience design.

About Zemoga

With the best of design and technology, Zemoga creates digital experiences that supercharge its clients’ business with top talent who love what they do and who they do it for. With 18 years of experience, the firm is the pioneer in nearshoring digital services from Colombia with a 99% local team that keeps growing and being first in developing digital services in Colombia for Fortune 500 companies in the United States. Zemoga is a multicultural team with some of the world’s best digital thinkers, designers, technologists and creative leaders, all working together to produce and create apps, interactive platforms and other digital services that fits the needs of each project. Zemoga builds better, understands and supercharges its clients’ objectives to create innovative and high impact solutions for the reality of each industry and each organization.

For additional information, visit www.zemoga.com and follow us on Linkedin.

Contacts

Rodrigo Salazar

Zemoga Inc

(213) 285 0805

rodrigo.salazar@zemoga.com

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Business Wire

John L. Bowman Named Senior Managing Director of The Chartered Alternative Investment Analyst (CAIA) Association

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Former Managing Director, Americas for CFA Institute comes to CAIA as organization is building its global footprint and embarking on the next phase of its growth

AMHERST, Mass.–(BUSINESS WIRE)–The Chartered Alternative Investment Analyst (CAIA) Association, the global leader in alternative investment education, today announced that John L. Bowman has joined the CAIA Association and been named Senior Managing Director. Mr. Bowman is an industry veteran and previously held a number of senior roles with CFA Institute, most recently Managing Director, Americas.

In this newly created role, Mr. Bowman will oversee curriculum and exams and co-lead the global business development team.

I’ve long admired the work done by CAIA. With the credibility of the investment industry under scrutiny and long-term investor outcomes at risk, there has never been a more opportunistic time for alternative asset classes to play a greater role in recovering the narrative of the noble purpose of the investment profession,” said Mr. Bowman. “I could not be more excited to be joining CAIA at a very interesting point in the market cycle. Investors need to think about diversification of risk and the role that alternative investments can play and doing so must begin with the essentials of education and industry partnership.”

CAIA’s membership currently totals more than 11,000 from over 97 countries. In just the past year, the organization saw further penetration in current markets and expansion in many of the emerging market countries across Africa, South America, and the Middle East.

Our curriculum is at the heart of our mission and John’s partnership, on the business side of the curriculum, is an enormously important strategic development,” said Keith Black, Ph.D., CAIA, CFA. “I look forward to working with John as we expand our expertise through global markets and continue to further integrate our most senior allocators into all that we do.”

CAIA’s curriculum is overseen by an experienced team with a unique mix of backgrounds both as practitioners and in academia. Thousands of candidates take the first level of the two-part CAIA exam each year as the first step in earning the prestigious CAIA Charter.

The alternatives industry is entering a period where products and wrappers have gotten more complex and access has become more democratized,” said William J. Kelly, CEO of the CAIA Association. “CAIA must respond to this with more resources and recognize (and reconcile) the pureness of our educational mission with the complexities of building and running a global business. I am eager to have John join us and bring complementary skills to our existing curriculum and business development teams.”

Mr. Bowman, CFA, brings more than 20 years of global experience in investment management and product development. His executive roles at CFA Institute included overseeing the Americas, consisting of 40+ countries, 89 local societies, and 90K Members, where he was responsible for strategy, risk management, compliance, and operational execution. Mr. Bowman also served as Managing Director and Co-Lead, Education at CFA Institute, managing a global team that generated $180M in revenue annually from a portfolio of educational programs including the CFA Program, Investment Foundations, and the CIPM program. He spearheaded product strategy and positioning, curriculum and test development, exam administration, and grading. Prior to his time at CFA Institute, Mr. Bowman was an international portfolio manager at State Street Global Advisors and Mellon Growth Advisors. He has worked across the globe in London, Hong Kong, and New York and is a graduate of University of Mary Washington.

Today’s announcement comes just a few weeks after CAIA officially launched the FDP Institute and Financial Data Professional credential. This is the first credential designed for financial analysts working alongside data scientists.

The hallmark of any successful and growing franchise is a commitment to a core mission supported by a tight strategic, but complementary agenda,” added Mr. Kelly. “Doubling down on our curriculum at a time when we are looking for greater penetration in Asia, as witnessed by the recent opening of an office in Mumbai, along with the recently announced FDP Institute as an educational answer to the ongoing digitization of the investment process, rounds out our strategic focus for the foreseeable future.”

About the CAIA Association

The CAIA Association is the world leader in alternative investment education, offering the only education program uniquely designed for individuals specializing in institutional-quality alternative investments. The Association is best known for the CAIA Charter, an internationally-recognized credential granted upon successful completion of a rigorous two-level exam series, combined with relevant work experience. Earning the CAIA Charter is the gateway to becoming a Member of the CAIA Association, a global network of more than 11,000 alternative investment professionals located in more than 97 countries. The Association supports 30 global Chapters in financial centers in Europe, Asia-Pacific, and North America, including a Virtual Chapter that brings together Members from far-flung locations around the world. CAIA also offers the Fundamentals of Alternative Investments certificate program (“Fundamentals”), an introductory-level online course, designed to provide a foundation in the core concepts in alternative investing. This program represents a natural extension of CAIA’s mission to provide solutions to specific market needs for alternative investment education.

To learn more about the CAIA Association, contact Deborah McLean (413) 253-7373 or dmclean@caia.org. For more information on the CAIA Charter, please visit caia.org.

About the FDP Institute

The FDP institute was established to address the growing need in finance for a workforce that has the skills to perform in a digitized world where an increasing number of decisions will be data and analytics driven. The FDP institute offers the only global educational program and designation to bridge the gap between financial professionals and data scientists. The FDP credential offers expertise in data science and its practical applications in finance. The FDP curriculum was designed with the collaboration of academia and industry practitioners and is divided into two segments, the online prerequisite courses, providing foundations of mathematics, statistics and Python programming, and the FDP exam covering big data, data mining, and machine learning applications in finance.

Contacts

Chris Sullivan

MacMillan Communications

chris@macmillancom.com

(212) 473-4442

Deborah McLean, CAIA Association

Managing Director, External Relations

dmclean@caia.org

(413) 253-7373

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Business Wire

SCI Welcomes Industry Veteran to Advisory Board

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QUEENSBURY, N.Y.–(BUSINESS WIRE)–Subcontracting Concepts, LLC is very pleased to announce and welcome Chris MacKrell as a new member to the SCI Advisory Board. SCI’s newly formed Advisory Board has been created to provide strategic guidance and technical advice — ensuring SCI remains the leading third-party administrator as the last-mile supply chain is shaped by new forces.

Chris brings a wealth of knowledge in last-mile logistics to SCI. He will be instrumental in continuing SCI’s market-leading position as the preeminent third-party administrator for logistics brokers and owner operators in the last mile marketplace.

Chris is the co-founder of Custom Courier Solutions and served in various national sales and Senior Operations roles as the Manager of Business Development at CD&L and Regional Vice President – East Sales and Operations at AirNet, a $150M Air freight carrier.

Like SCI, Chris believes strongly in advocating for this industry. In 2013, he testified before a Senate Subcommittee on Employment and Workforce Safety on the key role Owner Operators play in the US economy. He served as the President of the CLDA – Customized Logistics and Delivery Association, formerly the MCAA, and the NYSMCA – New York State Messenger and Courier Association. Prior to his term as President, Chris served as a Chairman of both the CLDA & NYSMCA Government Affairs committee. The NYSMCA is the key trade association advocating for the industry in New York State. He is a recipient of the industry’s Distinguished Service award in 2009 and an inductee into the CLDA Hall of Fame in 2016. The CLDA is the nation’s largest logistics industry trade association. Chris has a B.S. degree in Business from SUNY Brockport. He currently resides in Saratoga Springs, New York.

I am thrilled to be part of the SCI team. I have had nothing but great experiences working with SCI as both a client and member of CLDA and I am looking forward to contributing my industry expertise to SCI’s already market-leading technical innovation.”

Peter Fidopiastis, President and General Counsel, states, “We are very excited to welcome Chris to our advisory board at SCI. His track record in this industry is unparalleled, and his vast experience is something of great value to SCI and the future of our business. Mr. Fidopiastis added: “Chris brings a unique perspective in the industry that SCI has never had before.”

About SCI

Subcontracting Concepts, LLC (SCI) is the premier Third-Party Administrator (3PA) servicing the logistics industry. SCI provides its customers with competitive insurance programs, settlement Processing, and personalized customer Service for logistics brokers. Building software and services that can keep up with the demand of the logistics industry has always been our focus. Furthermore, everyone at SCI is dedicated to knowing more about our customers’ needs and adapting to meet them. The SCI team is continually collaborating on new and exciting ways to streamline owner operator enrollment, document management, and verification. SCI combines technology, personal customer service, and years of knowledge and experience to create a one stop shop to ease the burden of owner operator management. For more information visit www.sciadmin.com

Contacts

Brent Pickerd

(800) 821-5344

brent@sciadmin.com

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