Friday, December 02, 2022

Digicel is in talks to postpone US$ 925 million debt repayment

Digicel Group is in talks with investors to postpone repayment of debts totaling US$ 925 million due in March 2023, the Irish Times reported citing unnamed sources.

Digicel's net debt stood at US$ 4.2 billion at the end of September this year. Fitch warned that Digicel would not be able to pay this maturity without resorting to a "coercive exchange".

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