Digicel to wrap up bond swap

Digicel to wrap up bond swap

Debt Bonds Fixed Income Capital Markets Telecoms Caribbean Jamaica US Europe

Caribbean telecommunications company Digicel said it expects to carry out a bond swap during the week of June 21 after it received approval from courts in the United States and Bermuda. Digicel announced its restructuring plans in early April, looking to lower debt by roughly $1.6 billion to $5.4 billion, cut interest payments to $125 million per year and extend maturities. The Jamaica-based company previously convinced holders of 99.5% of its 2021 bonds to accept $1.19 billion in new notes that

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