Digicel Holdings (Bermuda) Limited (“DHL” and, together with its subsidiaries, the “Company” or the “Group”) and its board of directors are pleased to announce…
Digicel Holdings Complete Financial Restructuring bernews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bernews.com Daily Mail and Mail on Sunday newspapers.
BERMUDA Digicel Holdings (Bermuda) Limited, together with its subsidiaries and its board of directors, have announced that it has successfully completed its financial restructuring. According to a news release on Monday, the restructuring has allowed the group to reduce its consolidated debt by some $1.7 billion. Its annual cash interest is also expected to be reduced by approximately $120 million. The group also highlighted that the restructuring “marks an.
Digicel Group and its affiliates have started the legal process to reorganise the company and reduce the control of founder Denis O’Brien, new market filings show. The debt conversation transaction will result in nearly two-thirds of the voting.