0
General

Digicel hikes note placement to USD 600 mln

Friday 8 March 2019 | 11:56 CET | News
Digicel has announced that it increased the amount of a private placement of senior secured notes by USD 50 million to USD 600 million. The notes come with a coupon of 8.75 percent and are due in 2024. The proceeds will be used to repay funds drawn under a revolving credit facility and pay off the company's 'Term Loan A' facility, with any remaining net proceeds used for general corporate purposes.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Digicel
Countries: Caribbean / Central America / World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Digicel improves terms for bondholders under debt restructuring plan

Published 29 Apr 2020 15:35 CET | Caribbean
Caribbean-focused operator Digicel announced a number of initiatives designed to seek the support of debtholders for its plan to ...

Digicel secures 30-day grace period on debt interest payments

Published 31 Mar 2020 10:01 CET | Caribbean
Caribbean-focused operator Digicel announced that it has secured a 30-day grace period for interest payments on debt following ...

Digicel in talks with bondholders about debt writedowns

Published 30 Mar 2020 11:06 CET | Caribbean
Caribbean-focused operator Digicel confirmed that it's currently in discussions with "certain debtholders" about potential ...

Digicel service revenues up 3% in December quarter - report

Published 27 Feb 2020 13:59 CET | Caribbean
Caribbean-focused operator Digicel reported service revenues up 3 percent year on year in its fiscal third quarter to the end of ...

Digicel revenues improve to 1% fall in June quarter - report

Published 29 Aug 2019 12:26 CET | Caribbean
Caribbean-focused operator Digicel reported revenues down around 1 percent year on year to USD 539 million in its fiscal first ...

Digicel revenues down another 3% to USD 570 mln in March quarter

Published 04 Jul 2019 13:57 CET | Caribbean
Caribbean-focused operator Digicel told bondholders that its revenues fell around 3 percent year on year to USD 570 million in ...

Digicel announces USD 550 mln debt placement

Published 06 Mar 2019 09:33 CET | Caribbean
Digicel has announced plan to raise USD 550 million with the private placement of senior secured notes. The proceeds will be used ...

Digicel revenues down 4% to USD 572 mln in December quarter

Published 05 Mar 2019 14:42 CET | Caribbean
Caribbean-focused operator Digicel posted revenues of USD 572 million in its fiscal third quarter to the end of December, down ...