Davis Polk advised Digicel Limited (Digicel) in connection with the offering by Digicel of an aggregate of $1 billion of Digicel’s 6% senior notes due 2021 and a concurrent cash tender offer by Digicel for any and all of its 12% senior notes due 2014. The notes were sold pursuant to Rule 144A and Regulation S under the Securities Act of 1933. 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 region, operating in 24 local markets.
The Davis Polk corporate team included partner Michael Kaplan, counsel Jean Weng, associates Ryan G. Mitteness and Jeffrey Brenner and law clerk Kyle Raymond Smit. Partner Joseph P. Hadley provided credit advice. Partner Lucy W. Farr and associate Arie Rubenstein provided tax advice. Counsel Catherine L. Martin provided 1940 Act advice. Kristyn M. Dunleavy was the legal assistant for the transaction. All members of the Davis Polk team are based in the New York office.
