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;
- Amending...
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