Digicel Limited Announces Private Placement of Senior Notes

HAMILTON, Bermuda, Feb. 24, 2015 /PRNewswire/ -- Digicel Limited ("Digicel") today announced its intention to launch a private placement of US$925 million of senior notes. Digicel Limited is a limited liability exempted company incorporated under the laws of Bermuda and owned by Mr. Denis O'Brien.

Digicel intends to (1) use the net proceeds from this offering to (i) repurchase any and all of Digicel's 8.25% Senior Notes due 2017 (the "8.25% Senior Notes") in a concurrent tender offer, (ii) pay any related fees and expenses, including applicable tender premiums and accrued interest on the 8.25% Senior Notes, and (iii) redeem the 8.25% Senior Notes, if any, that remain outstanding after the completion of the tender offer and (2) use any remaining net proceeds for general corporate purposes.

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.

Forward Looking Statements

This press release contains forward-looking statements. Actual results may differ materially from those reflected in the forward-looking statements. We undertake no obligation to release publicly the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof, including, without limitation, changes in our business or acquisition strategy or planned capital expenditures, or to reflect the occurrence of unanticipated events.

About Digicel

Digicel Group is a total communications and entertainment provider with operations in 33 markets in the Caribbean, Central America and Asia Pacific. After 13 years of operation, total investment to date stands at over US$5 billion worldwide. The company is renowned for delivering best value, best service and best network.

Digicel is the lead sponsor of Caribbean, Central American and Pacific sports teams, including the Special Olympics teams throughout these regions. Digicel sponsors the West Indies cricket team and is also the presenting partner of the Caribbean Premier League. In the Pacific, Digicel is the proud sponsor of several national rugby teams and also sponsors the Vanuatu cricket team.

Digicel also runs a host of community-based initiatives across its markets and has set up Digicel Foundations in Haiti, Jamaica, Papua New Guinea and Trinidad and Tobago which focus on educational, cultural and social development programmes.

SOURCE Digicel Limited

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