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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.

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Categories: General
Companies: Digicel
Countries: Caribbean / Central America / World
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