Company: LILA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001712184-25-000137
Chunk: 32

Company: Liberty Latin America Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 32
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 30, 2025, respectively, as compared to the corresponding periods in 2024. The increases are primarily attributable to (i) increases in our average debt balances and weighted-average interest rates and (ii) the accretion of the net present value discount associated with our deferred payment obligation for the LPR Acquisition. 

For additional information regarding our outstanding indebtedness, see note 10 to our condensed consolidated financial statements.

It is possible that the interest rates on (i) any new borrowings could be higher than the current interest rates on our existing indebtedness and (ii) our variable-rate indebtedness could increase in future periods. As further discussed in note 6 to our condensed consolidated financial statements, we use derivative instruments to manage our interest rate risks.

Realized and unrealized gains or losses on derivative instruments, net

Our realized and unrealized gains or losses on derivative instruments primarily include (i) unrealized changes in the fair values of our derivative instruments that are non-cash in nature until such time as the derivative contracts are fully or partially settled and (ii) realized gains or losses upon the full or partial settlement of the derivative contracts. The details of our realized and unrealized gains (losses) on derivative instruments, net, are as follows:

 Three months ended June 30,Six months ended June 30, 2025202420252024 in millionsInterest rate derivative contracts (a)$(16.8)$24.7 $(67.9)$85.9 Foreign currency forward contracts (b)0.1 6.5 (3.5)(0.7)Weather Derivatives (c)(8.0)(7.3)(16.2)(14.9)Total$(24.7)$23.9 $(87.6)$70.3 

(a)The gains (losses) during the three and six months ended June 30, 2025 and 2024 are primarily attributable to changes in interest rates.

(b)The gains (losses) during the three and six months ended June 30, 2025 and 2024 are primarily attributable to changes in the value of the CRC relative to the U.S. dollar.

(c)Amounts represent the amortization of premiums associated with our Weather Derivatives.

For additional information concerning our derivative instruments, see notes 3 and 6 to our condensed consolidated financial statements and Item 3. Quantitative and Qualitative Disclosures about Market Risk below.

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