Digicel Limited Announces Private Placement of Senior Notes

* Reuters is not responsible for the content in this press release.

Tue Jun 30, 2009 4:01am EDT 

  KINGSTON, JAMAICA, Jun 30 (MARKET WIRE) -- 
Digicel Limited today announced its intention to launch a private
placement of US$160 million of senior notes due 2014. Digicel Limited is
a Bermuda incorporated company owned by Mr. Denis O'Brien.

    The use of proceeds of this offering will be for general corporate
purposes, including debt service and acquisitions, allowing the company to
increase its overall liquidity position. In addition to the $160 million
of primary issuance, Mr. O'Brien will also be offering for sale $90
million of existing senior notes due 2014 currently held by him.

    The notes have not been, and will not be, registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from
registration requirements.

    This press release does not constitute an offer to sell or the
solicitation of an offer to buy the notes, nor shall it constitute an
offer, solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful.

    

Contact:
Antonia Graham
Head of Group PR
T: +1876 5641708 (Jamaica)

Copyright 2009, Market Wire, All rights reserved.

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