Chicago, Dec. 3 – WOM Mobile SA and its subsidiary WOM SA sold $450 million 6 7/8% guaranteed notes (B1/B+/BB-) due Nov. 26, 2024, according to a listing.
The notes were issued through Kenbourne Invest SA, a special purpose vehicle.
The notes are guaranteed by WOM and WOM Mobile.
Proceeds are expected to be used to refinance the group’s debts for approximately $330 million and the rest will be used for dividends.
WOM is a cell phone and mobile broadband company with headquarters in Santiago, Chile.
| Issuer: | Kenbourne Invest SA
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| Guarantors: | WOM Mobile SA and WOM SA
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| Issue: | Guaranteed senior unsecured notes
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| Amount: | $450 million
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| Maturity: | Nov. 26, 2024
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| Coupon: | 6 7/8%
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| Pricing date: | Nov. 21
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| Ratings: | Moody’s: B1
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| S&P: B+
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| Fitch: BB-
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