Digicel Limited Closes US$160 Million Funding Round>
Digicel Limited Closes US$160 Million Funding Round
(Thomson Reuters ONE) - Placing Two Times Over-SubscribedKINGSTON, JAMAICA--(Marketwire - July 07, 2009) - Digicel Limitedtoday announced it has completed a US$160 million corporate bondoffering, which is a reopening of the US$350 million of 12% seniornotes due 2014 that were sold in March 2009.A further US$90 million of the existing 2014 bonds held by DenisO'Brien, were also successfully placed as part of the transaction.The bonds were priced at 99.5% and the offering was two timesover-subscribed.The use of proceeds of the offering will be for general corporatepurposes, including debt service and acquisitions, and allows thecompany to increase its overall liquidity position.The offering was led by Credit Suisse, with Citi and J.P. Morganacting as joint book-runners on the deal.Colm Delves, CEO of Digicel Group Ltd, said: "We are delighted withthe support we have received from our investors in this transaction,demonstrating their continuing confidence in Digicel's strongposition in the Caribbean and our prospects in Central America."He continued: "The transaction further adds to Digicel's liquidityand will enable us to take advantage of expansion opportunities asthey present themselves."This press release is not an offer of securities for sale in theUnited States. Securities may not be offered or sold in the UnitedStates absent registration or an exemption from registration.ABOUT DIGICEL GROUPSince its launch in 2001, Digicel has become the largest wirelesstelecommunications operator in the Caribbean with more than sevenmillion customers. After seven years, Digicel is renowned forcompetitive rates, unbeatable coverage, superior customer care, awide variety of products and services and state-of-the-art handsets.By offering innovative wireless services and community support,Digicel has become a leading brand in the Caribbean and has placedthe region at the cutting-edge of wireless communications -- thecompany is also a new entrant to the Central American market.Digicel is incorporated in Bermuda and now has operations in 31markets worldwide.Visit www.digicelgroup.com for more information on Digicel Group.Contact:Antonia GrahamDigicel+ 1876 564 1708antonia.graham(at)digicelgroup.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
" alt="Net Asset Value(s)>">
" alt="AMG Subsidiary Timminco announces approval of C$25 million debt
financing from Québec Government>">
Datum: 07.07.2009 - 22:45 Uhr
Sprache: Deutsch
News-ID 3338
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 203 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Digicel Limited Closes US$160 Million Funding Round>"
steht unter der journalistisch-redaktionellen Verantwortung von
Digicel (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
