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Digicel announces conditional redemption of senior secured notes due 2024

by techsterhub bureau
July 11, 2022
Reading Time: 1 min read
Digicel announces conditional redemption of senior secured notes due 2024

Digicel Group Holdings Limited (“Digicel”, the “Company” or “we”) announced that today it will issue a conditional redemption notice (the “Notice”) for all of the Company’s outstanding 10.0% Senior Secured Cash Pay/PIK Notes due 2024 (the “Notes”) pursuant to the terms of the indenture governing the Notes. The redemption is conditional on the completion of the previously announced sale of Digicel Pacific Limited to a subsidiary of Telstra Corporation Limited (the “Condition”). Pursuant to the Notice, all outstanding Notes will be redeemed on July 25, 2022, at a price equal to 100.000% of their face amount, plus accrued and unpaid interest to, but not including, the redemption date, unless the Condition is not satisfied.

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