Fri 02/10/2023 11:21 AM
Digicel earlier this week disclosed two proposals from creditors for a balance sheet transaction, according to sources.
The proposal from certain holders representing about 50% of the company’s debt contemplates:
- Fully equitizing the $925 million 6.75% notes at Digicel Ltd., or DL, as well as $250 million 8% subordinated notes due December 2026 at Digicel International Finance, or DIFL;
- Extending of the maturities of the DIFL term loans and 8.75% secured notes due 2024;
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2023 Reorg Research, Inc. All rights reserved.