AT&T unit Vrio begins roadshow for offering of 2023, 2028 notes

By Rebecca Melvin

New York, March 21 – Vrio Corp., a Latin America-focused subsidiary of AT&T Inc., has selected banks to arrange a series of fixed-income investor meetings regarding the offering of 2023 and 2028 notes (expected ratings: Ba2/BB/BB+), which will be denominated in U.S. dollars or U.S. dollars and Argentine pesos, subject to market conditions, according to a New York-based source.

The notes will be issued together by Vrio Finco 1 LLC, which is selling the 2028 notes, and Vrio Finco 2 Inc., which is selling the 2023 notes, and guaranteed by Vrio Corp.

Citigroup, Goldman Sachs & Co. LLC, JPMorgan and Morgan Stanley are arranging the investor meetings, which are being held in New York on Wednesday and Thursday, in Los Angeles on Friday, in London on Monday and in Boston on Tuesday.

The notes will be distributed under Rule 144A and Regulation S.

Vrio is a wholly owned subsidiary of AT&T and owns and operates DirectTV Latin America’s South American and Caribbean assets.

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