Davis Polk advised Digicel Group Limited on a Rule 144A/Regulation S offering of $1.5 billion of 8.25% senior notes due 2020 and a concurrent cash tender offer by Digicel for any and all of its $415 million aggregate principal amount of outstanding 9.125% / 9.875% senior toggle notes due 2015 and $1 billion aggregate principal amount of outstanding 8.875% senior notes due 2015. The tender offer consideration was funded from the net proceeds of the offering.
Digicel is a leading provider of wireless communications services in the Caribbean and South Pacific regions, operating in 30 markets.
The Davis Polk corporate team included partner Michael Kaplan, counsel Jean Weng and associates Jason Roomer and Katharine O’Banion. Partner Joseph P. Hadley provided credit advice. Partner Rachel D. Kleinberg of the Menlo Park office and associate Arie Rubenstein provided tax advice. Counsel Catherine L. Martin provided 1940 Act advice. Rosemarie Melendez was the legal assistant for the transaction. Unless otherwise noted, all members of the Davis Polk team are based in the New York office.
