Digicel announces successful completion of its consent solicitation in respect of Digicel Limited Notes

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Mar 31, 2023, 14:14 ET

KINGSTON, Jamaica, March 31, 2023 /PRNewswire/ -- Digicel Limited ("DL") has received the requisite consents from holders of its 6.750% Senior Notes due March 1, 2023 (the "Notes") to effect a proposed amendment (the "Proposed Amendment") to the indenture (the "Indenture") governing the Notes. The Proposed Amendment provides for a 15-day extension (with an option for a further 15-day extension with the consent of the holders of the majority of the outstanding aggregate principal of the Notes) to the 30-day grace period previously consented to by an overwhelming majority of the holders of the Notes. The consent solicitation expired at 5:00 p.m., New York City time, on March 30, 2023 (the "Expiration Date"). DL has been advised by Epiq Corporate Restructuring, LLC, the information and tabulation agent for the consent solicitation, that as of the Expiration Date, consents were validly delivered and not validly revoked in respect of approximately 88% in aggregate principal amount of the Notes.

As a result, DL, the guarantors of the Notes and Deutsche Bank Trust Company Americas, as trustee, entered into a supplemental indenture dated as of March 30, 2023 implementing the Proposed Amendment.

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Important Note

The information herein should not be regarded as an indication that the Company or any other person considered, or now considers, this information to be predictive of actual future results, and does not constitute an admission or representation by any person that such information is material or complete, or that the expectations, beliefs, opinions and assumptions that underlie these materials remain the same as of the date of this disclosure and the information or as of the date indicated contained in these materials may have been superseded by subsequent developments.

Readers are cautioned not to place undue reliance on these materials and are referred to the Company's current public disclosure.

Forward Looking Statement

This material may contain certain "forward-looking statements" and information relating to the Company and its affiliates that reflects the current views and/or expectations of the Company and its management with respect to future events. Such statements are subject to a number of risks, uncertainties and assumptions. All forward-looking statements herein are based on information and data available as of the date they were made, and the Company makes no undertaking to update them in light of new information or future developments.

Forward looking statements herein are necessarily based on a variety of estimates and assumptions may not be realized and are inherently subject to significant business, economic, competitive, industry, regulatory, market, legal and financial uncertainties and contingencies, many of which are and will be beyond the Company's control.

For the avoidance of doubt, and without limiting the foregoing, the materials herein may include forward-looking statements that were prepared and presented at various points in time and that, given the passage of time, may not be consistent with one another or reflective of any view or knowledge of the Company as of the date of this announcement.

THIS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN THE UNITED STATES, AND IT DOES NOT CONSTITUTE AN OFFER, SOLICITATION OR SALE IN ANY STATE OR JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL. SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES UNLESS THEY ARE REGISTERED OR EXEMPT FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"). ANY PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES WILL BE MADE BY MEANS OF A PROSPECTUS

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SOURCE Digicel