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KINGSTON, Jamaica, Dec. 18, 2020 /PRNewswire/ Digicel Group Holdings Limited, formerly known as Digicel Group 0.5 Limited ( Digicel, the Company , we or us ), today announced the expiration and final results of its previously announced cash tender offer (the Offer ) to spend up to $10.0 million to purchase its 7.00% PIK Perpetual Convertible Notes (the Notes ). The Offer expired at 11:59 p.m., New York City time, on December 17, 2020 (the Expiration Date ). The Offer was made pursuant to the Offer to Purchase dated November 19, 2020 (the Offer to Purchase ), as amended by a press release dated December 4, 2020 (the Press Release ).
Pursuant to the terms of the modified Dutch Auction procedure as described in the Offer to Purchase, the Clearing Price is set at $240 per $1,000 principal amount of Notes (the Total Consideration ). As previously announced in the Press Release, the Company amended the terms of the Offer such that any