SOURCE: Digicel


November 23, 2009 03:30 ET

Digicel Limited Announces Private Placement of Senior Notes and Tender Offer for Existing Senior Notes Due 2012

KINGSTON, JAMAICA--(Marketwire - November 23, 2009) - Digicel Limited today announced its intention to launch a private placement of US$500 million senior notes due 2017. Digicel Limited is a Bermuda incorporated company owned by Mr. Denis O'Brien.

The use of proceeds of this offering will be to repurchase Digicel Limited's outstanding $450 million of 9.25% senior notes due 2012 in a tender offer or through redemption, with any balance retained by the company for general corporate purposes.

The notes have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

Contact Information

  • Contact:
    Antonia Graham
    Head of Group PR
    T: +1876 5641708 (Jamaica)