Company: LILA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001712184-25-000031
Chunk: 196

Company: Liberty Latin America Ltd.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 9C
Chunk 196
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ancing of the C&W Term Loan B-5 Facility (which occurred subsequent to December 31, 2024), and (ii) will automatically have their maturity date extended to January 31, 2031 upon the occurrence of the refinancing of the C&W Term Loan B-6 Facility.

II-79

Liberty Latin America Ltd.Notes to Consolidated Financial Statements – (Continued)December 31, 2024, 2023 and 2022

(11)    Defined Benefit Plans 

We maintain various funded defined benefit plans for certain current and past employees, including (i) the CWSF, which is C&W’s largest defined benefit plan, (ii) plans in The Bahamas, Jamaica, Barbados, Curacao and Puerto Rico and (iii) certain other defined benefit arrangements in the U.K., which are governed by individual trust deeds. These defined benefit plans are closed to new entrants, and existing participants do not accrue any additional benefits.Defined benefit plan amounts included in our consolidated balance sheets are as follows:December 31,20242023in millionsOther assets, net $33.6 $37.9 Other long-term liabilities, net (a)(5.6)(25.7)Net pension asset$28.0 $12.2 (a)Amounts includes an indemnification asset from the Bahama’s government of $115 million and $85 million, respectively, and investments in U.K. Gilts of $23 million and $33 million, respectively. The table below provides summary information for our defined benefit plans:December 31,20242023in millionsProjected benefit obligations (a) (b)$(1,361.4)$(1,503.0)Fair value of plan assets (c)1,389.4 1,515.2 Net pension asset$28.0 $12.2 (a)Amounts includes an indemnification asset from the Bahama’s government of $115 million and $85 million, respectively, and investments in U.K. Gilts of $23 million and $33 million, respectively.  (b)The weighted average discount rate used in determining our benefit obligations was 6.1% and 5.6% at December 31, 2024 and 2023, respectively. A 1.0% increase or decrease in the weighted average discount rate would have a ($34 million) or $42 million impact, respectively, on the projected benefit