Monday, 2 March 2009

Digicel Plans to Sell $435 Million of 2014 Senior Notes: New Issuances

Digicel, the Bermuda-based telecommunications company that provides wireless phone services in the Caribbean and Central America, plans to sell senior unsecured notes in international markets. The sale may take place as early as March 4. The relevant info follows (the numbers come from people involved in the sale:)

ISSUER: DIGICEL LTD
FACE AMOUNT : $435 MILLION

ISSUE: SENIOR UNSECURED NOTES

MATURITY: 2014

CALL: NON-CALLABLE FOR FIRST THREE YEARS (PAR + COUPON FIRST-CALL PRICE)

USE OF PROCEEDS: ACQUISITIONS, GENERAL CORPORATE PURPOSES

RATINGS: B2 (MOODY'S) / B- (FITCH) /
BOOKRUNNERS: CITIGROUP INC. / CREDIT SUISSE GROUP / JPMORGAN CHASE & CO.

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