Digicel Limited Announces Pricing Of Private Placement Of Senior Notes

KINGSTON, Jamaica, March 19, 2013 /PRNewswire/ -- Digicel Limited ("Digicel") today announced that it has priced its private placement of 6.00% US$300 million of senior notes due 2021. Digicel previously issued US$1 billion of its 6.00% senior notes due 2021 earlier this year. The notes sold in the offering will be issued at a price to the public of 100% plus accrued interest from March 5, 2013. Digicel Limited is a limited liability exempted company organized under the laws of Bermuda and owned by Mr. Denis O'Brien.

Digicel intends to use the net proceeds from this offering for general corporate purposes, which could include capital expenditures, acquisitions, debt repayment or dividends to Digicel Group Limited (subject to the limitations in our debt instruments).

The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

SOURCE Digicel Limited