Caribbean Telecom Dials up Loan

Caribbean Telecom Dials up Loan


The Caribbean subsidiary of UK-based Cable Wireless has landed $300m through a syndicated loan, say bankers familiar with the deal. The 3-year facility pays Libor plus 225bp. The deal is priced as a Caribbean credit, though the borrower benefits from the sponsorship of its UK parent, say the bankers. C&W has operations in 13 Caribbean jurisdictions including Jamaica, the Cayman Islands and Barbados. BNP Paribas and JPMorgan led the deal, much of the syndication for which is heard to have been ru

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