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Digicel prices senior notes

Bnamericas

Irish-owned mobile operator Digicel has priced its private placement of US$1.0bn of 7.125% senior notes due 2022.

Net proceeds will be used to repurchase any and all of Digicel's 10.50% senior notes due 2018 in a concurrent tender offer, pay any related fees and expenses and redeem the 10.50% senior notes that remain outstanding after completing the tender offer, according to a company statement.

Digicel is planning to invest around US$500mn this year in expanding its networks in the Caribbean and Central America.

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