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Denis O’Brien founded-Digicel agrees debt restructuring deal

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The deal with the bulk of shareholders will reduce the company’s debt and interest costs

Digicel, the Caribbean and Central America focused telecoms firm formerly owned by Denis O’Brien, has confirmed that a deal has been struck to reduce its debt by $1.7 billion and its annual cash interest expenses by $120 million .

The restructuring support agreement with approximately 80 per cent of bondholders follows an agreement in March with the key DIFL Secured AHG, a group of bondholders that owns 57 per cent of ...

 

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