Digicel commences tender offer

Digicel Limited has commenced a cash tender offer for any and all of its outstanding 7.000% senior notes due 2020, the company said.

The company is also soliciting consents to certain proposed amendments to the indenture governing the notes to, among other things, eliminate substantially all of the restrictive covenants and certain events of default and reduce the minimum notice period required for optional redemptions of the notes to two business days on the terms and subject to the conditions set forth in the Statement.

The tender offer documents more fully set forth the terms of the tender offer and consent solicitation.

The tender offer is scheduled to expire at 11: 59 p.m., New York City time, on June 5, 2017, unless extended or earlier terminated by the company.

The company has retained Citigroup Global Markets Inc. to serve as the dealer manager and solicitation agent for the tender offer and consent solicitation.

Digicel is a communications and entertainment provider with operations in the Caribbean, Central America and Asia Pacific. We launched services in Jamaica, our first market, in 2001 and became the market leader within 15 months of launch. We currently operate wireless services in 32 markets.

After 16 years of operation, total investment to date stands at over USUSD 5bn worldwide. The company is renowned for delivering best value, best service and best network.

Digicel also runs a host of community-based initiatives across its markets and has set up Digicel Foundations in Haiti, Jamaica, Papua New Guinea and Trinidad and Tobago which focus on educational, cultural and social development programmes.