Digicel Limited Announces Proposed Increase in Credit Facilities and Repayment Of 7.000% Senior Notes Due 2020

KINGSTON, Jamaica, May 8, 2017 /PRNewswire/ --

Digicel Limited ("Digicel" or the "Company") today announced that its affiliate, Digicel International Finance Limited ("DIFL"), which is currently in the process of refinancing its existing credit facilities with new term loans (the "refinancing") expects to increase the aggregate indebtedness under the new term loans in an amount sufficient for Digicel to repay in full the $250 million aggregate principal amount outstanding of its 7.000% Senior Notes due 2020 (the "Notes"). Digicel plans to repay the Notes through a cash tender offer, redemption or combination thereof.

This announcement is for informational purposes only and is not an offer to purchase, a solicitation of an offer to sell the Notes or any other securities or a notice of redemption with respect to the Notes, nor shall there be any purchase of our Notes in any state or jurisdiction in which such offer, solicitation or purchase would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. Any tender offer will be made solely pursuant to an offer to purchase and consent solicitation statement and related letter of transmittal, which documents will set forth the terms of any such tender offer.

Digicel offers no assurance that the refinancing will be consummated as expected, or at all, or that the Notes will be repurchased as described in this press release.

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 

We are a total communications and entertainment provider with operations in the Caribbean, Central America and Asia Pacific. We launched services in Jamaica, our first market, in 2001 and became the market leader within 15 months of launch. We currently operate wireless services in 32 markets.

After 16 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 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.

For further information please contact:

Antonia Graham
Head of Group PR
+1-876-564-1708

SOURCE Digicel