Form 8-K

8-K — Liberty Latin America Ltd.

Accession: 0001712184-26-000148

Filed: 2026-09-15

Period: 2026-09-15

CIK: 0001712184

SIC: 4841 (CABLE & OTHER PAY TELEVISION SERVICES)

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — lila-20260915.htm (Primary)

EX-99.1 — EX-99.1 LATEST COMMERCIAL TERM SHEET PROVIDED BY THE RESTRICTED HOLDERS (exhibit991-cleansing8xk.htm)

EX-99.2 — EX-99.2 CLEANSING MATERIALS (exhibit992cleansing8-k.htm)

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8-K

8-K (Primary)

Filename: lila-20260915.htm · Sequence: 1

lila-20260915

0001712184false00017121842026-09-152026-09-150001712184us-gaap:CommonClassAMember2026-09-152026-09-150001712184us-gaap:CommonClassCMember2026-09-152026-09-150001712184us-gaap:RedeemablePreferredStockMember2026-09-152026-09-15

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): September 15, 2026

LIBERTY LATIN AMERICA LTD.

(Exact Name of Registrant as Specified in Charter)

Bermuda 001-38335 98-1386359

(State or other jurisdiction

of incorporation) (Commission File Number) (IRS Employer

Identification #)

Clarendon House,

2 Church Street,

Hamilton HM 11, Bermuda

(Address of Principal Executive Office)

(303) 925-6000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class Trading Symbols Name of Each Exchange on Which Registered

Class A Shares, par value $0.01 per share LILA The NASDAQ Stock Market LLC

Class C Shares, par value $0.01 per share LILAK The NASDAQ Stock Market LLC

9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preference Shares LILAP The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 7.01 Regulation FD Disclosures.

In connection with discussions between and among (a) certain holders of (i) term loans under the Amended and

Restated Credit Agreement, dated March 25, 2021, by and among LCPR Loan Financing LLC, as special purpose

vehicle borrower, LCPR Senior Secured Financing Designated Activity Company (“LCPR Senior Secured

Financing”), as initial guarantor, The Bank of Nova Scotia, as administrative agent and SPV security agent, and the

lenders party thereto from time to time, (ii) 6.750% senior secured notes due 2027 issued by LCPR Senior Secured

Financing, and (iii) 5.125% senior secured notes due 2029 issued by LCPR Senior Secured Financing (such holders,

the “Restricted Holders”), (b) LLA Holdco LLC (“LLA Holdco”), Liberty Communications of Puerto Rico LLC

(“LCPR”), their direct and indirect subsidiaries (together with LLA Holdco and LCPR, the “LPR Entities”), and

indebtedness (such potential transactions collectively, a “Potential Transaction”), the Restricted Holders, the LPR

Entities, and the Company entered into confidentiality agreements that require the LPR Entities and the Company to

disclose certain confidential information provided to the Restricted Holders (the “Cleansing Material”) upon the

occurrence of certain events.

Negotiations among the Restricted Holders, the LPR Entities and the Company concerning a Potential Transaction

have taken place but are not continuing. In furtherance of such negotiations, pursuant to the confidentiality

agreements referenced above, the LPR Entities and the Company provided confidential information to the Restricted

Holders and their representatives. No agreement has been reached among the Company, the LPR Entities and the

Restricted Holders with respect to a Potential Transaction, and there can be no assurances that any agreement will be

reached in the future. The Company is furnishing a document that includes the latest commercial term sheets

exchanged between the LPR Entities (or the Company, as applicable) and the Restricted Holders concerning such a

Potential Transaction as Exhibits 99.1 hereto. In addition, the Company is furnishing certain confidential

information that the LPR Entities and the Company have provided to the Restricted Holders as Exhibit 99.2 hereto.

The information furnished pursuant to this Current Report on Form 8-K (including Exhibits 99.1 and 99.2 hereto)

shall not be considered “filed” under the Securities Exchange Act of 1934, as amended, nor shall it be incorporated

by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or under the Securities

Exchange Act of 1934, as amended, unless the Company expressly states in such filing that such information is to be

considered “filed” or incorporated by reference therein.

Forward Looking Statements

This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities

Litigation Reform Act of 1995, including statements with respect to our business, product, and finance strategies,

future investments, and B2B opportunities; subscriber retention rates, including statements regarding the customer

experience; changes in competitive, regulatory and economic factors; our superior networks and services, including

our product and bundling offerings; anticipated changes in our revenue, growth rates and cash flows; debt levels and

leverage ratios; our liquidity; credit risks; financial projections; and other information and statements that are not

historical fact. These forward-looking statements involve certain risks and uncertainties that could cause actual

results to differ materially from those expressed or implied by these statements. These risks and uncertainties

include events that are outside of our control, such as hurricanes and other natural disasters, political or social

events, and pandemics, such as COVID-19, the uncertainties surrounding such events, the ability and cost to restore

networks in the markets impacted by hurricanes or generally to respond to any such events; the continued use by

subscribers and potential subscribers of our services and their willingness to upgrade to our more advanced

offerings; our ability to meet challenges from competition, to manage rapid technological change or to maintain or

increase rates to our subscribers or to pass through increased costs to our subscribers; uncertainties regarding

reaching any agreement with the Restricted Holders or completing a Potential Transaction, the effects of changes in

laws or regulation; general economic factors; our ability to successfully acquire and integrate new businesses and

realize anticipated efficiencies from acquired businesses; the availability of attractive programming for our video

services and the costs associated with such programming; our ability to achieve forecasted financial and operating

targets; the outcome of any pending or threatened litigation; the ability of our operating companies to access cash of

their respective subsidiaries; the impact of our operating companies’ future financial performance, or market

conditions generally, on the availability, terms and deployment of capital; fluctuations in currency exchange and

interest rates; the ability of suppliers and vendors to timely deliver quality products, equipment, software, services

and access; our ability to adequately forecast and plan future network requirements including the costs and benefits

associated with network expansions; and other factors detailed from time to time in our filings with the Securities

and Exchange Commission, including our most recently filed Form 10-K and Form 10-Q. These forward-looking

statements speak only as of the date of this Form 8-K. We expressly disclaim any obligation or undertaking to

disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in our

expectations with regard thereto or any change in events, conditions or circumstances on which any such statement

is based.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit No. Exhibit Name

99.1

Latest Commercial Term Sheet provided by the Restricted Holders to the LPR Entities and the Company.

99.2

Cleansing Materials.

101.SCH XBRL Inline Taxonomy Extension Schema Document.

101.DEF XBRL Inline Taxonomy Extension Definition Linkbase.

101.LAB XBRL Inline Taxonomy Extension Label Linkbase Document.

101.PRE XBRL Inline Taxonomy Extension Presentation Linkbase Document.

104 Cover Page Interactive Data File.* (formatted as Inline XBRL and contained in Exhibit 101)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LIBERTY LATIN AMERICA LTD.

By: /s/ John M. Winter

John M. Winter

Senior Vice President, Chief Legal Officer and Secretary

Date: September 15, 2026

EX-99.1 — EX-99.1 LATEST COMMERCIAL TERM SHEET PROVIDED BY THE RESTRICTED HOLDERS

EX-99.1

Filename: exhibit991-cleansing8xk.htm · Sequence: 2

Document

Without Prejudice For Settlement Discussions Only

Subject to FRE 408 and All Local Equivalents

Highly Confidential

SteerCo Counterproposal

September 11, 2026

Without Prejudice For Settlement Discussions Only

Subject to FRE 408 and All Local Equivalents

Highly Confidential

Summary Restructuring Terms

LLA Proposal (8/26/26)

SteerCo Counterproposal (8/30/26)

LLA Counterproposal (9/9/26)

SteerCo Counterproposal (9/11/26)

Structure Overview

■Proposal contemplates a re-consolidation of existing RemainCo / UnSub structure

■Reconsolidation of existing RemainCo / UnSub structure and separation of LPR from LLA into a standalone business (“New LPR”) pursuant to a Transition Services Agreement with LLA

■Proposal contemplates a re-consolidation of existing RemainCo / UnSub structure

■Reconsolidation of existing RemainCo / UnSub structure and separation of LPR from LLA into a standalone business (“New LPR”) pursuant to a Transition Services Agreement with LLA

UnSub Facility Refinancing

Facility

■Size: [$410mm] of New

Money “First-Out” Notes1

Funded at closing

■New money to be backstopped by AHG and offered to all term loan / bondholders

■Use of Proceeds: Refinancing of existing UnSub debt, transaction fees/expenses

■Size: $410mm of New Money “First-Out” Notes or Term Loan2, but LLA to pay any prepayment penalty, call premium, exit fees or other similar costs on/from existing UnSub financing

■ Agreed

■New money to be backstopped by AHG and offered to all term loan / bondholders / RCF lenders

■Agreed

■Size: [$410mm] of New Money “First-Out”

Notes1

Agreed

■New money to be backstopped by AHG and offered to all term loan / bondholders

■Agreed

■Size: $410mm of New Money “First-Out” Notes or Term Loan2, but LLA to pay any prepayment penalty, call premium, exit fees or other similar costs on/from existing UnSub financing

■ Agreed

■New money to be backstopped by AHG and offered to all term loan / bondholders / RCF lenders

■Agreed

Tenor

■5 years

■TBD

■5 years

■TBD

Interest Rate

■6.50%

■TBD

■6.50%

■TBD

Security / Collateral

■First lien, first-out position secured by all collateral subsequent to the reconsolidation of the UnSub to the existing credit group (“ConsolidatedCo”)

■Agreed

■First lien, first-out position secured by all collateral subsequent to the reconsolidation of the UnSub to the existing credit group (“ConsolidatedCo”)

■Agreed

Fees

■Backstop Fees: [ ]%

■OID: [ ]%

■Backstop Fees: TBD

■OID: TBD

■Backstop Fees: [ ]%

■OID: [ ]%

■Backstop Fees: TBD

■OID: TBD

Call Protection

■NC-1, 1/2 coupon, ¼ coupon, par

■TBD

■NC-1, 1/2 coupon, ¼ coupon, par

■TBD

| 1

Note: Subject to further legal diligence and discussions / subject to ongoing review for structure

1.To be sized at time of transaction to refinance all outstanding UnSub debt, any applicable call protection and a potential new money need

2.TBD whether structured as notes or term loan

Without Prejudice For Settlement Discussions Only

Subject to FRE 408 and All Local Equivalents

Highly Confidential

Summary Restructuring Terms (Cont'd)

LLA Proposal

(8/26/26)

SteerCo Counterproposal

(8/30/26)

LLA Counterproposal

(9/9/26)

SteerCo Counterproposal

(9/11/26)

Existing UnSub RCF

Extended “First-Out” RCF Terms

■Size: $[140]mm (unchanged from current size)

■Tenor: 5 years

■Rate: S + [400]

■Security / Collateral: First lien, first-out position secured by ConsolidatedCo assets

■Covenants: No financial maintenance covenant

■New RCF commitment and incremental liquidity need to be backstopped

■Pari treatment with Existing 1L Creditors

■Size: $[140]mm (unchanged from current size)

■Tenor: 5 years

■Rate: S + [400]

■Security / Collateral: First lien, first-out position secured by ConsolidatedCo assets

■Covenants: No financial maintenance covenant

■New RCF commitment and incremental liquidity need to be backstopped

■Pari treatment with Existing 1L Creditors

Existing 1L Creditors

New “Second-Out” Takeback Debt

■Size: [$1,250mm]

■Tenor: [7 years]

■Rate: 8.00%

■Call protection: [None]

■Security / Collateral: Second lien position secured by ConsolidatedCo assets

■To discuss mix of takeback loans vs. bonds

■Takeback debt that results in no more than 4.0x total leverage

■TBD allocation between “First-Out” and “Second-Out” tranches

■Size: [Agreed]1

■Tenor: [7 years]

■Rate: 8.00%

■Call protection: [None]

■Security / Collateral: Second lien position secured by ConsolidatedCo assets

■To discuss mix of takeback loans vs. bonds

■Takeback debt that results in no more than 4.0x total leverage

■TBD allocation between “First-Out” and “Second-Out” tranches

Common Equity

■[75%] of pro forma equity allocated to participating holders on pro rata basis

■100% of pro forma equity allocated to participating holders on pro rata basis

■[75%] of pro forma equity allocated to participating holders on pro rata basis

■100% of pro forma equity allocated to participating holders on pro rata basis

LLA

Common Equity

■[25%] of pro forma equity

■LLA also receives cashless warrants struck at $831mm of Equity Value equal to 51% of equity value

■Customary minority governance rights to be discussed

■Fully extinguished for no consideration

■N/A

■[25%] of pro forma equity

■LLA also receives warrants struck at

$[●]mm2 of Equity Value; warrant count to be sized such that LLA owns [45%] of pro forma equity assuming cash exercise

■Customary minority governance rights to be discussed

■Cashless warrants for 5% of pro forma equity struck at an Equity Value resulting in an Existing 1L Creditor recovery equal to 120% of outstanding claim amount (par plus accrued interest)

If a transition is initiated within the [5]-year period post-closing, warrants vest upon completion of the TSA (as defined and contemplated herein); otherwise, warrants vest upon the [5th] anniversary of closing

■N/A

| 2

Note: Subject to further legal diligence and discussions / subject to ongoing review for structure

1.NTD: 4.0x 2026E Adj. OIBDA of $390mm implies total debt of $1,560mm. $1,560mm of total debt minus $410mm of UnSub debt implies $1,150mm of takeback debt

2.Equity value to be calculated, for the purpose of strike price, to align with par value for the Creditors

Without Prejudice For Settlement Discussions Only

Subject to FRE 408 and All Local Equivalents

Highly Confidential

Summary Restructuring Terms (Cont'd)

LLA Proposal

(8/26/26)

SteerCo Counterproposal

(8/30/26)

LLA Counterproposal

(9/9/26)

SteerCo Counterproposal

(9/11/26)

LLA (Cont’d)

Operational Items

■LLA to provide Central Operating Services for a fixed [5]-year term consistent with current pricing versus market

■N/A

■LLA to provide operational services at current cost pursuant to a Transition Services Agreement until earlier of (i) 3 years or (ii) separation is complete

■LLA to pay for all one-time stand up and transaction services costs pursuant to a Transition Services Agreement

■LLA to indemnify New LPR for any operational / separation-related liabilities during separation period

■LLA will commit to network performance and service availability SLAs during the TSA period; SLA violation penalties to follow industry norms

■Post-Closing, Pre-Transition Commencement: Upon the closing date, LLA to continue providing scheduled shared services on existing terms without modification

■Transition Initiation: For a period of not less than [●] years post-closing, LPR will have the right but not the obligation to, at any time, for any reason, initiate a transition pursuant to a transition services agreement (the “TSA”)

■TSA: Terms and conditions of the TSA shall be reasonable and customary for agreements of this type and otherwise consistent with these terms. In any event, the TSA shall provide for:

►the complete transition to occur not later than [●] years following initiation of the transition; provided, that, such date may be extended by mutual agreement of LPR and LLA at pricing to be set forth in the TSA;

►staggered transition of shared services, subject to a To Be Determined minimum duration by service category, with a commensurate step down in pricing as services are fully transitioned – i.e., LPR will be paying lower costs as services are transitioned;

►pricing grid contemplated by TSA to be mutually agreed; and

►customary cooperation covenants/obligations on the parties to work in good faith to complete transition within deadlines fixed by the TSA

■Subject to Restructuring Agreement: TSA framework outlined above shall be subject to agreement with LLA on the other terms of an LPR restructuring

■N/A

■Post-Closing, Pre-Transition Commencement: [Agreed – subject to diligence]

■Transition Initiation: For a period of not less than [5] years post-closing, LPR will have the right but not the obligation to, at any time, for any reason, initiate a transition pursuant to a transition services agreement (the “TSA”) – subject to diligence

■TSA: Terms and conditions of the TSA shall be reasonable and customary for agreements of this type and otherwise consistent with these terms. In any event, the TSA shall provide for:

►the complete transition to occur not later than [5] years following initiation of the transition; provided, that, such date may be extended by mutual agreement of LPR and LLA at pricing to be set forth in the TSA – subject to diligence;

►[Agreed – subject to diligence]

►[Agreed – subject to diligence]; and

►[Agreed – subject to diligence]

■Subject to Restructuring Agreement: TSA framework outlined above shall be subject to agreement with LLA on the other terms of an LPR restructuring – subject to diligence

■LLA to pay for all one-time stand up and transaction services costs pursuant to a Transition Services Agreement

■LLA to indemnify New LPR for any operational / separation-related liabilities during separation period

| 3

Note: Subject to further legal diligence and discussions / subject to ongoing review for structure

Without Prejudice For Settlement Discussions Only

Subject to FRE 408 and All Local Equivalents

Highly Confidential

Summary Restructuring Terms (Cont'd)

LLA Proposal (8/26/26)

SteerCo Counterproposal (8/30/26)

LLA Counterproposal (9/9/26)

SteerCo Counterproposal (9/11/26)

Other

Implement-ation

■Implementation TBD, subject to reaching targeted participation thresholds, tax and other analyses

■To be discussed

■Implementation TBD, subject to reaching targeted participation thresholds, tax and other analyses

■Customary mutual releases, subject to customary carve-outs

■Implementation TBD, subject to reaching targeted participation thresholds, tax and other analyses

■To be discussed

■Implementation TBD, subject to reaching targeted participation thresholds, tax and other analyses

■Customary mutual releases, subject to customary carve-outs

Trade / Other

■To be discussed

■Trade / DISH to be discussed

■To be discussed

■Trade / DISH to be discussed

Other

■Reject

■To be discussed

■LLA to pay New LPR the principal amount of the forgiven intercompany receivable and any LLA professional fees paid by LPR

■LPR / LLA to permit and reasonably cooperate with full financial and operational due diligence

■LPR to pay accrued and continuing AHG advisor fees and expenses commencing with receipt of this term sheet

■Reject: LPR has no actual or contingent claim against LLA and has not funded advisor fees for LLA1

■Due diligence cooperation and AHG advisor fee payment to be provided subject to (i) parties’ agreement that LLA and affiliated individuals receive a general release and (ii) withdrawal with prejudice of AHG litigation in NYS court

■Subject to further diligence, LLA to pay New LPR the principal amount of the forgiven intercompany receivable and any LLA professional fees paid by LPR

■Reject: LPR / LLA to permit and reasonably cooperate with full financial and operational due diligence

■Reject: LPR to pay accrued and continuing AHG advisor fees and expenses commencing with receipt of this term sheet

| 4

Note: Subject to further legal diligence and discussions / subject to ongoing review for structure

1. As LLA and LPR have previously disclosed both prior to and in connection with the issuance of LPR’s bonds, a portion of the proceeds of LPR’s bonds were to be used, and were used, to fund distributions on account of equity interests in LPR. On August 28 and September 1 and 2, 2026, LPR provided offering memoranda, bond marketing materials, and other records in support of such use of proceeds and distributions to the Ad Hoc Group advisors. LLA disputes any suggestion that LPR or its bondholders hold a claim based on such distributions

EX-99.2 — EX-99.2 CLEANSING MATERIALS

EX-99.2

Filename: exhibit992cleansing8-k.htm · Sequence: 3

exhibit992cleansing8-k

BUSINESS OVERVIEW August 2026 LIBERTY PUERTO RICO

“SAFE HARBOR” IMPORTANT NOTICE | FORWARD-LOOKING STATEMENTS | DEFINED TERMS IMPORTANT NOTICE This presentation and its contents are confidential and may not be reproduced, redistributed, published or passed on to any other person, directly or indirectly, in whole or in part, for any purpose. If this presentation has been received in error, it must be returned immediately to Liberty Communications PR Holding LP (together with its consolidated subsidiaries, "LCPR Holding"). In this presentation unless the context otherwise requires, the terms “Liberty Puerto Rico”, “we”, “our”, “our company”, “the Group” and “us” refer to Liberty Communications of Puerto Rico LLC and Liberty Mobile Inc. and their consolidated subsidiaries. This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident of, or located in, any locality, state, country or other jurisdiction where such distribution or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. FORWARD-LOOKING STATEMENTS & DISCLAIMER This presentation contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect to our business, product, and finance strategies, including future investments, and B2B opportunities; subscriber retention rates, including statements regarding the customer experience; changes in competitive, regulatory and economic factors; our superior networks and services, including our product and bundling offerings; anticipated changes in our revenue, growth rates and cash flows; debt levels and leverage ratios; our liquidity; credit risks; and other information and statements that are not historical fact. These risks and uncertainties include, among other things, events that are outside of our control, such as hurricanes and other natural disasters, the continued use by subscribers and potential subscribers of our services and their willingness to upgrade to our more advanced offerings; general economic factors; the availability of attractive programming for our video services and the costs associated with such programming; our ability to achieve forecasted financial and operating targets; the ability of our operating companies to access cash of their respective subsidiaries; the impact of our operating companies' future financial performance, or market conditions generally, on the availability, terms and deployment of capital; the ability of suppliers and vendors to timely deliver quality products, equipment, software, services and access; and other factors detailed from time to time in Liberty Latin America Ltd.’s filings with the Securities and Exchange Commission, including Liberty Latin America Ltd.’s most recently filed Form 10-Kand Form 10-Q. These forward-looking statements speak only as of the date of this presentation. We expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. INFORMATION RELATING TO DEFINED TERMS Please refer to the Appendix at the end of this presentation, for certain defined terms that may be used herein. Our financial statements are prepared in accordance with U.S. GAAP. We include certain financial measures in this presentation that are considered non-GAAP measures, including Adjusted OIBDA. Please refer to the Appendix at the end of this presentation, for reconciliations of the aforementioned non-GAAP measures. |LIBERTY PUERTO RICO | BUSINESS OVERVIEW | AUGUST 2026 2

PROJECTIONS | KEY OPERATIONAL METRICS & REVENUE(1) STRONG MOBILE ADDS, LOWER CHURN & HANDSET SALES DRIVE RECOVERY (1) Due to rounding, certain totals may not recalculate. ADDs IN THOUSANDS | ARPUs IN USD KEY OPERATIONAL METRICS | EXCLUDING SOHO REVENUE USD MILLIONS |LIBERTY PUERTO RICO | BUSINESS OVERVIEW | AUGUST 2026 3 2025A 2026E 2027E 2028E 2029E Broadband 471 466 474 483 491 Gross adds 53 62 75 75 77 Net adds (20) (5) 8 8 8 Churn (1.2)% (1.2)% (1.2)% (1.2)% (1.2)% ARPU 49 50 49 50 50 Prepaid 159 139 142 139 142 Gross adds 77 69 81 80 81 Net adds (33) (20) 3 (3) 3 Churn (4.8)% (4.7)% (4.7)% (4.8)% (4.7)% ARPU 32 30 30 30 30 Postpaid 520 542 584 627 672 Gross adds 105 123 139 143 151 Net adds (25) 22 42 43 45 Churn (2.0)% (1.6)% (1.5)% (1.4)% (1.4)% ARPU 38 38 38 36 36 2025A 2026E 2027E 2028E 2029E Revenue 1,199 1,181 1,225 1,265 1,308 Fixed 494 484 491 504 517 Mobile 504 495 531 543 561 B2B 174 176 188 202 214 FCC 27 26 16 16 16

2025A 2026E 2027E 2028E 2029E Adjusted OIBDA 353 390 433 464 502 P&E additions (143) (148) (167) (170) (160) % revenue 12.0% 12.5% 13.6% 13.4% 12.2% Cash Taxes (8) 5 (6) (10) (14) % Adjusted OIBDA 2.2% (1.4)% 1.4% 2.0% 2.7% WC & other (105) (81) (40) (32) (25) Operating services below Adjusted OIBDA (46) (64) (49) (48) (47) Unlevered FCF Ops 52 103 171 205 256 Pre Investing & Financing PROJECTIONS | ADJUSTED OIBDA & UNLEVERED FCF(1) +890BPS ADJUSTED OIBDA MARGIN EXPANSION; UNLEVERED FCF RECOVERING STEADILY USD MILLIONS | EXCEPT PERCENTAGES ADJUSTED OIBDA UNLEVERED FCF USD MILLIONS | EXCEPT PERCENTAGES (1) Due to rounding, certain totals may not recalculate. (2) Unlevered FCF Ops excludes investing (including Echostar payments) and financing activities. |LIBERTY PUERTO RICO | BUSINESS OVERVIEW | AUGUST 2026 4 2025A 2026E 2027E 2028E 2029E Revenue 1,199 1,181 1,225 1,265 1,308 COGS (340) (302) (313) (318) (323) Gross profit 859 879 912 947 984 Gross margin 71.6% 74.4% 74.5% 74.9% 75.3% OPEX (506) (489) (479) (483) (483) % revenue 42.2% 41.4% 39.1% 38.2% 36.9% Adjusted OIBDA 353 390 433 464 502 Adjusted OIBDA Margin 29.5% 33.0% 35.3% 36.7% 38.4%

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v3.26.3

Document and Entity Information

Sep. 15, 2026

Entity Information [Line Items]

Document Type

8-K

Document Period End Date

Sep. 15, 2026

Entity Registrant Name

LIBERTY LATIN AMERICA LTD.

Entity Central Index Key

0001712184

Amendment Flag

false

Entity Incorporation, State or Country Code

Entity File Number

001-38335

Entity Tax Identification Number

98-1386359

Entity Address, Address Line One

Clarendon House

Entity Address, Address Line Two

2 Church Street

Entity Address, City or Town

Hamilton

Entity Address, Postal Zip Code

HM 11

Entity Address, Country

City Area Code

303

Local Phone Number

925-6000

Written Communications

false

Soliciting Material

false

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false

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false

Entity Emerging Growth Company

false

Class A

Entity Information [Line Items]

Title of 12(b) Security

Class A Shares, par value $0.01 per share

Trading Symbol

LILA

Security Exchange Name

NASDAQ

Class C

Entity Information [Line Items]

Title of 12(b) Security

Class C Shares, par value $0.01 per share

Trading Symbol

LILAK

Security Exchange Name

NASDAQ

Redeemable Preferred Stock

Entity Information [Line Items]

Title of 12(b) Security

9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preference Shares

Trading Symbol

LILAP

Security Exchange Name

NASDAQ

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