2014

Digicel Group Limited Announces Pricing Of Private Placement Of Senior Notes

KINGSTON, Jamaica, March 19, 2014 /PRNewswire/ -- Digicel Group Limited ("Digicel") today announced that it has priced its private placement of US$1.0 billion of 7.125% senior notes due 2022. Digicel Group Limited is a limited liability exempted company incorporated under the laws of Bermuda and owned by Mr. Denis O'Brien.

Digicel intends to (1) use the net proceeds from this offering to (i) repurchase any and all of Digicel's 10.50% Senior Notes due 2018 (the "10.50% Senior Notes") in a concurrent tender offer and the related consent solicitation, (ii) pay any related fees and expenses, including applicable tender premiums and accrued interest on the 10.50% Senior Notes, and (iii) redeem the 10.50% Senior Notes, if any, that remain outstanding after the completion of the tender offer and (2) use any remaining net proceeds for general corporate purposes, which could include capital expenditures, investments, acquisitions or debt repayment.

The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

SOURCE Digicel Group Limited



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