Cable Bahamas completes preferred share offering

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Cable Bahamas Ltd. announced today that it has successfully raised $114.5 million via the issuance of preferred shares. The total includes $103.5 million in Bahamian dollars with an annual dividend of 5.75% designated as Series 6 and the remaining $11.0 million denominated in US dollars with an annual dividend of 6.25% designated as Series 8 shares. Both series have a ten-year term and rank pari passu with the Company's Series 7 preferred shares.