Digicel gives bondholders more time

Digicel gives bondholders more time

Debt Bonds Fixed Income Capital Markets Telecoms Caribbean Jamaica United States

Caribbean telecommunications company Digicel said on Monday that it extended the deadline for bondholders to accept a proposed debt restructuring until May 20. The Jamaica-based company previously moved the deadline to May 15 from April 28, looking to erase around $1.6 billion out of $7 billion in debt. As of Monday, bondholders had tendered $1.18 billion in 6% 2021 notes, or roughly 90.4% of the outstanding principal, and $66 million in 6.75% 2023 notes, or approximately 7.17%, in a proposed bo

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