Refinancing

Digicel sets the record straight

The release from Digicel states:

Following overwhelming support from our debtholders for these proposals, we are now progressing with the required administrative processes.

As such, we announced details of a proposed Scheme of Arrangement in the Bermudian Courts in connection with Digicel Group One Limited, which is purely an intermediate financing holding company.

This Scheme has the support of over 97% of its bondholders and also involves the appointment of light touch joint provisional liquidators to oversee the implementation of the Scheme.