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General

Digicel puts up Jamaica HQ as collateral for debt deal

Monday 20 April 2020 | 13:58 CET | News
Caribbean-focused operator Digicel has put up the company's Jamaican HQ as collateral to secure a debt refinancing deal with bondholders, reports local portal The Gleaner. Digicel chairman and founder Denis O'Brien has committed to sweetening the deal by putting up USD 50 million as incentives, half of which will be in cash and the rest in the building, according to an unnamed company spokeswoman. The 11-storey building overlooking the Kingston coastline has been Digicel's regional HQ since early 2013.

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Categories: General
Companies: Digicel
Countries: Caribbean
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