August 2, 2018
The Jamaican telecom refinanced debt in a multi-currency deal with a diversified investor base
In April last year, Jamaica’s Digicel concluded a $1.35 billion deal to refinance some of the company’s debt.
Refinancing debt has become common over the past few years as interest rates remained low around the world, but the Digicel deal is noteworthy because it involves three parts, says Adrián Guzzoni, the head of syndicated loan origination in Latin America for Citi.
Citi was the lead left arranger, administrative agent and collateral agent on the deal, while JPMorgan was the documentation lead.
With strong investor demand, Digicel increased the size of the deal by $300 million, using the extra
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