VTR COMPLETES ISSUANCE OF $1.15BN NEW NOTES

Denver, Colorado – July 2, 2020: Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) (NASDAQ:LILA and LILAK, OTC Link: LILAB) today announced its subsidiaries, VTR Comunicaciones SpA and VTR Finance N.V. (together “VTR”) successfully completed the issuance of $600 million 5.125% Senior Secured Notes due 2028 and $550 million 6.375% Senior Notes due 2028, respectively.

The new notes were priced at par, and the combined proceeds from the issuances, together with proceeds from certain hedging related transactions, will be used to redeem VTR Finance N.V.’s existing $1,260 million 6.875% Senior Notes due 2024 in full, and pay transaction fees & expenses.

Further, we upsized VTR’s $185 million USD RCF to $200 million and extended the maturity to 2026 (from 2023). On June 30, VTR repaid $92 million drawings under its revolving credit facilities, it had made earlier in the year.

These transactions extend the average tenor of VTR’s debt obligations (excluding vendor financing) by over 3 years to 7 years.

LLA also announced it intends to contribute its 80% stake in Cabletica S.A. into the VTR Finance N.V. credit pool. The contribution is expected to be completed in Q1 2021.

AVERAGE MATURITY EXTENDED TO 7 YEARS WEIGHTED AVERAGE INTEREST RATE FOR NEW NOTES OF 5.7%