LILA News & Events

Liberty Latin America announced the following key dates regarding its special dividend of 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preference Shares, $0.01 par value per share, to common shareholders: Record date - June 1, 2026 at 5:00 p.m., New York City time; Ex-distribution "when-issued" markets open for LILA and LILAK common shares - June 1, 2026; Distribution date for Preference Shares and closing of "when-issued" markets - June 16, 2026 at 5:00 p.m., New York City time; Ex-dividend date and commencement of regular-way trading of Preference Shares - June 17, 2026.

Liberty Latin America announced that its Liberty Puerto Rico subsidiary entered into two new financing agreements through existing unrestricted subsidiaries that, as previously disclosed in September 2025, are parties to an existing senior secured term loan credit facility that matures in 2030. First, the unrestricted subsidiaries and the lenders under Liberty Puerto Rico's prior revolving credit facility entered into a new senior secured revolving credit facility that currently has $140 million of availability. Interest on the new revolving credit facility accrues on drawn amounts at a rate equal to SOFR plus 4.25%, subject to certain adjustments. The new revolving credit facility is secured by substantially the same assets as the 2030 Facility and matures in September 2030. The 2027 RCF, which was scheduled to mature in March 2027, has been repaid in full and cancelled. Additionally, Liberty Puerto Rico has raised an additional $200 million senior secured term loan financing through existing unrestricted subsidiaries. This additional financing was advanced as an incremental term loan under the 2030 Facility, has a fixed interest rate of 12.0% per annum, and is secured by substantially the same assets as the 2030 Facility. $150 million of the new facility has been drawn and $50 million will be available over the next twelve months. The additional financing was made available by Helix Partners and Silver Point Capital.

Liberty Latin America announced that an authorized committee of its Board of Directors declared a special dividend on each of its outstanding common shares. The special dividend consists of one share of newly issued 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preference Shares, US $0.01 par value per share for every ten common shares held as of the record date having an initial liquidation price of $25 per Series A Preference Share, with cash to be paid in lieu of fractional shares. The distribution ratio for the Series A Preference Share dividend is equivalent to $2.50 in liquidation preference per Class A Common Share, Class B Common Share, and Class C Common Share, for an aggregate issuance of approximately $500 million aggregate liquidation preference. Holders of the Series A Preference Shares are entitled to receive quarterly cash dividends at a rate of 9.0% per annum on a cumulative basis, commencing on September 15, 2026, and thereafter on each dividend payment date, which is March 15, June 15, September 15, and December 15 of each year. The Series A Preference Shares will be non-voting, except in the limited circumstances as required by law or as set forth in the terms of the Series A Preference Shares. The Series A Preference Shares are expected to trade separately from the common shares on the Nasdaq Global Select Market under the symbol "LILAP" following the date of distribution. The distribution of the Series A Preference Shares is intended to be tax-free to shareholders in the United States and United Kingdom. As previously communicated, Liberty Latin America's Director Emeritus Dr. John C. Malone, Executive Chairman Mike Fries, and President and CEO Balan Nair, have each indicated their intention to be long-term holders of the Series A Preference Shares both directly and indirectly.

Liberty Latin America announced that Ignacio Roman has been appointed SVP, General Manager of Liberty Puerto Rico and USVI. A seasoned executive, Ignacio Roman previously held management positions across Europe and Latin America in companies such as Vodafone, Avantel S.A.S., and Digicel Group.