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September 10, 2012

Digicel offers another US $700 million debt issue

From Caribbean 360:

KINGSTON, Jamaica, Thursday, September 6, 2012 - Telecommunications major the Digicel Group Limited has announced that it has set a goal of raising another US$700 million of debt financing through a private bond placement that becomes due in 2020.

The company owned by Irish billionaire Denis O'Brien said the proceeds will finance the repurchase or early redemption of all the 9.125% and 9.875% toggle notes due to mature in 2015; and up to US$245 million of an 8.875% bond also due in 2015.