Liberty Latin America Ltd.
For the period ended Feb 18, 2026. Filed Feb 18, 2026.
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Feb 18, 2026 · Filed Feb 18, 2026
Contents
EX-99.1 · Additional Information | Cable & Wireless Borrowing Group
Additional Information | Cable & Wireless Borrowing Group
The following tables reflect preliminary unaudited selected financial results, on a consolidated C&W basis, for the periods indicated, in accordance with U.S. GAAP.
| Three months ended | ||||
|---|---|---|---|---|
| December 31, · Change · Rebased change1 | ||||
| 2025 · 2024 | ||||
| in millions, except % amounts | ||||
| Revenue | $692.8 | $667.3 | 4% | 4% |
| Operating income | $93.4 | $112.6 | (17%) | |
| Adjusted OIBDA | $321.6 | $307.8 | 4% | 5% |
| Property & equipment additions | $135.4 | $119.3 | 13% | |
| Operating income as a percentage of revenue | 13.5% | 16.9% | ||
| Adjusted OIBDA as a percentage of revenue | 46.4% | 46.1% | ||
| Proportionate Adjusted OIBDA | $258.3 | $252.0 | ||
| Year ended | ||||
|---|---|---|---|---|
| December 31, · Change · Rebased change1 | ||||
| 2025 · 2024 | ||||
| in millions, except % amounts | ||||
| Revenue | $2,619.2 | $2,586.4 | 1% | 2% |
| Operating income | $508.2 | $385.4 | 32% | |
| Adjusted OIBDA | $1,230.0 | $1,145.4 | 7% | 8% |
| Property & equipment additions | $387.1 | $381.0 | 2% | |
| Operating income as a percentage of revenue | 19.4% | 14.9% | ||
| Adjusted OIBDA as a percentage of revenue | 47.0% | 44.3% | ||
| Proportionate Adjusted OIBDA | $1,015.1 | $949.2 | ||
- Indicated growth rates are rebased for the estimated impacts of a disposal and FX.
The following table details the U.S. dollar equivalent of the nominal amount outstanding of C&W's third-party debt and cash and cash equivalents:
| December 31, · September 30, | |||||
|---|---|---|---|---|---|
| Facility Amount · 2025 · 2025 | |||||
| in millions | |||||
| Credit Facilities: | |||||
| Revolving Credit Facility (Adjusted Term SOFR + 3.25%) | $156.0 | $— | $— | ||
| Revolving Credit Facility (Term SOFR + 3.25%) | $460.0 | — | — | ||
| Term Loan Facility B-6 due 2029 (Adjusted Term SOFR + 3.0%) | $590.0 | 590.0 | 590.0 | ||
| Term Loan Facility B-7 due 2032 (Term SOFR + 3.25%) | $1,530.0 | 1,530.0 | 1,530.0 | ||
| Total Senior Secured Credit Facilities | 2,120.0 | 2,120.0 | |||
| CWP Term Loan due 2028 (4.25%) | $435.0 | 435.0 | 435.0 | ||
| Regional and other debt | 91.2 | 98.5 | |||
| Total Credit Facilities | 2,646.2 | 2,653.5 | |||
| Notes: | |||||
| 7.125% Senior Secured Notes due 2032 | $1,000.0 | 1,000.0 | 1,000.0 | ||
| 9.0% Senior Notes due 2033 | $755.0 | 755.0 | 755.0 | ||
| Total Notes | 1,755.0 | 1,755.0 | |||
| Vendor financing and Tower Transactions | 504.5 | 499.2 | |||
| Total debt | 4,905.7 | 4,907.7 | |||
| Less: discounts and deferred financing costs | (43.2) | (45.5) | |||
| Total carrying amount of debt | 4,862.5 | 4,862.2 | |||
| Less: cash and cash equivalents | (507.5) | (369.5) | |||
| Net carrying amount of debt | $4,355.0 | $4,492.7 | |||
At December 31, 2025, our total and proportionate net debt was $4.4 billion and $4.1 billion, respectively, our Fully-swapped Borrowing Cost was 6.3%, and the average tenor of our debt obligations (excluding vendor financing and debt related to the Tower Transactions) was approximately 5.6 years.
Our portion of Adjusted OIBDA, after deducting the noncontrolling interests' share, (“Proportionate Adjusted OIBDA”) was $258 million for Q4 2025.
C&W's Covenant Proportionate Net Leverage Ratio was 3.5x, which is calculated by annualizing the last two quarters of Covenant EBITDA in accordance with C&W's Credit Agreement.
At December 31, 2025, we had maximum undrawn commitments of $688 million, including $80 million under our regional facilities. At December 31, 2025, the full amount of unused borrowing capacity under our credit facilities (including regional facilities) was available to be borrowed, both before and after completion of the December 31, 2025 compliance reporting requirements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.