Mobile operator Digicel is in a strong position to look for acquisitions after completing its offering of US$250m of senior notes maturing in 2020, according to the company’s chief executive.
CEO Colm Delves said in a statement that the offering had…
Mobile operator Digicel is in a strong position to look for acquisitions after completing its offering of US$250m of senior notes maturing in 2020, according to the company’s chief executive.
CEO Colm Delves said in a statement that the offering had been well-supported by the international financial community, attracting more than US$2.3bn in orders.
“The funds will leave us in a strong position to expand our business further as we look into acquisition opportunities,” Delves said.
Digicel said that the notes were priced to yield 7% and that the proceeds would be used for general corporate purposes, which included acquisitions and debt service.
Barclays Capital, Citigroup, Credit Suisse, Deutsche Bank and JP Morgan acted as initial purchasers on the offering.
