Digicel ANNOUNCES successful closing of consensual RESTRUCTURING of ~$3.8BN OF THE GROUP'S DEBT, IN SUPPORT OF FUTURE GROWTH
The completion of the Restructuring marks an important milestone for the Group, which now has a substantially strengthened capital structure, positioning the Group for long-term success.
- The completion of the Restructuring marks an important milestone for the Group, which now has a substantially strengthened capital structure, positioning the Group for long-term success.
- As a result of the Restructuring, the Group extended certain secured and unsecured debt issued by Digicel International Finance Limited ("DIFL") and Digicel Intermediate Holdings Limited ("DIHL").
- In addition, certain notes issued by Digicel Limited ("DL") and subordinated notes issued by DIFL were equitized.
- In connection with the Restructuring, the board of directors of the reorganized Group has been reconstituted as a nine-member board, including Rajeev Suri as Chairman.