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General

Digicel in talks with bondholders about debt writedowns

Monday 30 March 2020 | 11:06 CET | News
Caribbean-focused operator Digicel confirmed that it's currently in discussions with "certain debtholders" about potential transactions that would see it exchange existing debt for new securities. These would be issued by existing and newly-formed entities within the group, said Digicel, adding that if the transactions are to be consummated, the value of the exchange consideration would reflect a discount on the current aggregate principal amount of the existing debt. The company confirmed that talks remaining ongoing and that no assurances can be provided that an agreement will be reached.

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Categories: General
Companies: Digicel
Countries: Caribbean
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