Digicel extends debt exchange again

Digicel extends debt exchange again

Capital Markets Bonds Caribbean

Digicel has extended the deadline on its two-part debt exchange until October 19, the second extension offered to holders of $3bn in securities. The Caribbean telecommunications company had extended the deadline to September 28 after originally scheduling an early deadline date of September 14. "Digicel continues constructive discussions with an ad hoc group of noteholders," the company said in a statement last week. Last month, Digicel said it wanted to replace the $2bn it has in existing 8.25%

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