May 18, 2020
Caribbean telecommunications company Digicel Group has put up its subsidiary in the Pacific Islands as collateral in its debt restructuring plans, according to a filing with the US Securities and Exchange Commission (SEC) on Thursday.
The Jamaica-based mobile phone and home entertainment company listed Digicel Pacific as the guarantor for the new 2024 notes that it plans to issue to replace its 2022 bonds. The same day, the company denied that it had agreed to sell Digicel Pacific to China Mobil
Jamaica-based telecom lists its Pacific Islands business as the guarantor for $914 mln in new notes in a proposed debt exchange