New Issue-Digicel Ltd adds $250 mln in notes due 2014

Tue Jun 30, 2009 10:20pm BST
[-] Text [+]
 June 30 (Reuters) - Digicel Ltd, an affiliate of Digicel
Group, a Bermuda-incorporated wireless company, on Tuesday
added $250 million to its existing 12 percent notes in the 144a
private placement market, said IFR, a Thomson Reuters service.
 The total amount of notes outstanding is now $585 million.
 Credit Suisse, Citigroup, and JP Morgan were the joint
bookrunning managers for the sale.
BORROWER: DIGICEL LTD
FACE AMT $250 MLN  COUPON 12.00 PCT   MATURITY 4/1/2014
TYPE ADD-ON        ISS PRICE 99.50    FIRST PAY 10/1/2009
MOODY'S B1         YIELD 12.124 PCT   SETTLEMENT 7/7/2009
S&P NR             SPREAD N/A         PAY FREQ SEMI-ANNUAL
FITCH B-MINUS                         NON-CALLABLE 3 YEARS*
*CALL SCHEDULE: 112, 106, 100
 EQUITY CLAW: 3-YRS 35 PCT AT 112

 
 
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