Conyers Dill and Pearman Limited provided Bermuda legal advice to Digicel Group on its recent Exchange Offer available to bondholders in connection with its US$3 billion debt restructuring. The Exchange Offer was launched on 4 December 2018 and expired on 9 January 2019. At the expiration date, Digicel received tenders from bondholders for 97.9% of 8.250% Senior Notes due 2020 and 97.9% of 7.125% Senior Notes due 2022, to exchange their notes for longer dated securities.
Digicel Group is a communications and entertainment provider with operations in 31 markets in the Caribbean, Central America and Asia Pacific.
Director Marcello Ausenda along with Associates Robert Alexander and Elizabeth Blankendal of Conyers’ Bermuda office advised on the matter alongside Davis Polk and Wardwell LLP.