KINGSTON, Jamaica, July 5, 2023 /PRNewswire/ -- Digicel Group Holdings Limited ("Digicel", the "Company" or "we") announced today that, pursuant to the previously announced restructuring support agreement entered into with certain beneficial holders of the Company's 8.0% Senior Cash Pay/PIK Notes due 2025 (the "Notes") and the Company's 7.00% PIK Perpetual Convertible Notes, it will issue a partial redemption notice (the "Notice") for $93,105,472 principal amount of the Company's outstanding Notes pursuant to the terms of the indenture governing the Notes. Pursuant to the Notice, $93,105,472 principal amount of the outstanding Notes will be redeemed on July 28, 2023 at a price equal to 100.000% of their face amount, plus accrued and unpaid interest to, but not including, the redemption date.
DGHL is a non-operating holding company within the Digicel group. Digicel's operating companies, which are owned by subsidiaries of DGHL, are not directly impacted by the DGHL RSA.
This press release does not constitute a notice of redemption under the indenture governing the Notes and is not an offer to purchase, a solicitation of an offer to purchase or sell the Notes or any other securities, nor shall there be any purchase of the 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. The terms and conditions of the redemption will be described in the Notice distributed to holders of the Notes.
Media Enquiries
Contact:
Pat Walsh
Murray Group
T: +353.87.2269345
E: [email protected]
Important Note
The information herein should not be regarded as an indication that the Company or any other person considered, or now considers, this information to be predictive of actual future results, and does not constitute an admission or representation by any person that such information is material or complete, or that the expectations, beliefs, opinions and assumptions that underlie these materials remain the same as of the date of this disclosure and the information or as of the date indicated contained in these materials may have been superseded by subsequent developments.
Readers are cautioned not to place undue reliance on these materials and are referred to the Company's current public disclosure.
Forward Looking Statement
This material may contain certain "forward-looking statements" and information relating to the Company and its affiliates that reflects the current views and/or expectations of the Company and its management with respect to future events. Such statements are subject to a number of risks, uncertainties and assumptions. All forward-looking statements herein are based on information and data available as of the date they were made, and the Company makes no undertaking to update them in light of new information or future developments.
Forward looking statements herein are necessarily based on a variety of estimates and assumptions may not be realized and are inherently subject to significant business, economic, competitive, industry, regulatory, market, legal and financial uncertainties and contingencies, many of which are and will be beyond the Company's control.
For the avoidance of doubt, and without limiting the foregoing, the materials herein may include forward-looking statements that were prepared and presented at various points in time and that, given the passage of time, may not be consistent with one another or reflective of any view or knowledge of the Company as of the date of this announcement.
THIS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN THE UNITED STATES, AND IT DOES NOT CONSTITUTE AN OFFER, SOLICITATION OR SALE IN ANY STATE OR JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL. SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES UNLESS THEY ARE REGISTERED OR EXEMPT FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"). ANY PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES WILL BE MADE BY MEANS OF A PROSPECTUS.
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SOURCE Digicel
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