Saturday, December 4th, 2010 - Digicel Limited
KINGSTON, JAMAICA--(Marketwire) - Digicel Limited ("DL") today announced its intention to launch a private placement of US$300 million of 8.25% senior notes due 2017. DL is a Bermuda incorporated company owned by Mr. Denis O'Brien.

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

The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

Contact Profile

Antonia Graham, Head of Group PR

P: +1876 564 1708 (Jamaica)
W: www.digicelgroup.com

Keywords

debt service, capital expenditure

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