Digicel Group Limited Completes US$1.5 Billion Corporate Bond Offering

2015 Notes Redeemed in Full

Oct 19, 2012, 16:03 ET from Digicel Group Limited

KINGSTON, Jamaica, October 19, 2012 /PRNewswire/ -- Digicel Group Limited ("DGL") today announced it has retired in full its outstanding 91/8% / 97/8% Senior Toggle Notes due 2015 and its outstanding 87/8% Senior Notes due 2015. 

The proceeds from Digicel's successful September 5th, 2012, issue of US$1.5 billion 8.25% Senior Notes due 2020 were used to redeem the 2015 Notes.

Digicel Group Limited is a leading emerging markets mobile phone operator providing services in 30 markets in the Caribbean, Central America and Pacific, with 13 million subscribers at end June 2012.

Blake Haider, Director with Citi, commented: "We are proud to help Digicel leverage the historically low-rate environment to refinance at very attractive rates and reduce its refinancing risk. In addition, we are thrilled with the very high participation that the tender received."

Colm Delves, Digicel Group Chief Executive, said: "We are pleased to have concluded this refinancing which was very well supported by the international capital markets."

Citi, JP Morgan, Credit Suisse, Barclays, Deutsche Bank, and Davy's acted as initial purchasers on the bond offering.

After eleven years of operation, Digicel Group Limited has over 13 million customers across its 30 markets in the Caribbean, Central America and the Pacific. The company is renowned for delivering best value, best service and best network.

Digicel is the lead sponsor of Caribbean, Central American and Pacific sports teams, including the Special Olympics teams throughout these regions. Digicel sponsors the West Indies cricket team and is also the title sponsor of the Digicel Caribbean Cup. In the Pacific, Digicel is the proud sponsor of several national rugby teams and also sponsors the Vanuatu cricket team.

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

Digicel is incorporated in Bermuda and its markets comprise: Anguilla, Antigua & Barbuda, Aruba, Barbados, Bermuda, Bonaire, the British Virgin Islands, the Cayman Islands, Curacao, Dominica, El Salvador, Fiji, French Guiana, Grenada, Guadeloupe, Guyana, Haiti, Jamaica, Martinique, Nauru, Panama, Papua New Guinea, Samoa, St Kitts & Nevis, St. Lucia, St. Vincent & the Grenadines, Suriname, Tonga, Trinidad & Tobago, Turks & Caicos and Vanuatu. Digicel also has coverage in St. Martin and St. Barts in the Caribbean.

Visit www.digicelgroup.com for more information.

SOURCE Digicel Group Limited