Digicel Limited Closes $250m Bond Issue

KINGSTON, Jamaica, Feb. 10, 2012 /PRNewswire/ -- Digicel Limited ("DL") today announced it has completed a US$250 million corporate bond offering.

The bonds were priced to yield 7.00%.

Digicel Limited is a leading emerging markets mobile phone operator providing services in 24 markets in the Caribbean and Central America, with 9 million subscribers at September 30, 2011. DL also holds a 44% stake in Digicel Holdings (Central America) Limited and DL's parent company Digicel Group Limited operates in an additional 6 markets in the South Pacific.

The use of proceeds of this offering will be for general corporate purposes, including acquisitions and debt service.

Colm Delves, Digicel Group Chief Executive, said: "This transaction has again been extremely well supported by the international financing community, having attracted over US$2.3 billion in orders from more than 160 different accounts and we are very pleased to have priced this transaction at 7%.  The funds will leave us in a strong position to expand our business further as we look into acquisition opportunities."

Citi, J.P. Morgan, Credit Suisse, Barclays Capital and Deutsche Bank acted as initial purchasers on the bond offering.

ABOUT DIGICEL GROUP LIMITED (parent company of Digicel Limited)

After ten years of operation, Digicel Group Limited has over 11 million customers across its 31 markets in the Caribbean, Central America and the Pacific. 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 title sponsor of the Digicel Caribbean Cup. 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 Jamaica, Haiti and Papua New Guinea which focus on educational, cultural and social development programmes.

In 2004, Digicel developed Digicel Rising Stars – an annual talent show to support aspiring young music artists in the Caribbean. The show has spanned the Eastern Caribbean, Haiti, Jamaica and Trinidad & Tobago ranking as one of the top-rated shows.

Digicel is incorporated in Bermuda and its markets comprise: Anguilla, Antigua & Barbuda, Aruba, Barbados, Bermuda, Bonaire, the British Virgin Islands, the Cayman Islands, Curacao, Dominica, El Salvador, Fiji, French Guiana, Grenada, Guadeloupe, Guyana, Haiti, Jamaica, Martinique, Nauru, Panama, Papua New Guinea, Samoa, St Kitts & Nevis, St. Lucia, St. Vincent & the Grenadines, Suriname, Tonga, Trinidad & Tobago, Turks & Caicos and Vanuatu. Digicel also has coverage in St. Martin and St. Barts in the Caribbean.

Visit www.digicelgroup.com for more information.

SOURCE Digicel Limited