Digicel - Consent Solicitation - Completion Update

DIGICEL ANNOUNCES SUCCESSFUL COMPLETION OF ITS CONSENT SOLICITATIONS FOR DIGICEL NOTES (Further Update)

02 MAY 2023

Full announcement available via prnewswire

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Digicel announces successful completion of its consent solicitation in respect of Digicel Limited Notes

31 MARCH 2023

Full announcement available via prnewswire.

"KINGSTON, Jamaica, March 31, 2023 /PRNewswire/ -- Digicel Limited ("DL") has received the requisite consents from holders of its 6.750% Senior Notes due March 1, 2023 (the "Notes") to effect a proposed amendment (the "Proposed Amendment") to the indenture (the "Indenture") governing the Notes. The Proposed Amendment provides for a 15-day extension (with an option for a further 15-day extension with the consent of the holders of the majority of the outstanding aggregate principal of the Notes) to the 30-day grace period previously consented to by an overwhelming majority of the holders of the Notes. The consent solicitation expired at 5:00 p.m., New York City time, on March 30, 2023 (the "Expiration Date"). DL has been advised by Epiq Corporate Restructuring, LLC, the information and tabulation agent for the consent solicitation, that as of the Expiration Date, consents were validly delivered and not validly revoked in respect of approximately 88% in aggregate principal amount of the Notes.

As a result, DL, the guarantors of the Notes and Deutsche Bank Trust Company Americas, as trustee, entered into a supplemental indenture dated as of March 30, 2023 implementing the Proposed Amendment."

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Digicel announces successful completion of its consent solicitation in respect of Digicel Limited Notes

01 MARCH 2023

Full announcement available via prnewswire.

"KINGSTON, Jamaica, March 1, 2023 /PRNewswire/ -- Digicel Limited ("DL") has received the requisite consents from holders of its 6.75% Senior Notes due March 1, 2023 (the "Notes") to effect certain proposed amendments (the "Proposed Amendments") to the indenture (the "Indenture") governing the Notes. The Proposed Amendments provide for a 30-day grace period, which will automatically be extended to 90 days if DL enters into a restructuring support agreement with holders of at least a majority of the outstanding Notes during such 30-day period, before a default in the payment of interest, certain additional amounts, principal or premium with respect to the Notes constitutes an "Event of Default," as defined in the Indenture. The consent solicitation expired at 5:00 p.m., New York City time, on February 27, 2023 (the "Expiration Date"). DL has been advised by Epiq Corporate Restructuring, LLC, the information and tabulation agent for the consent solicitation, that as of the Expiration Date, consents were validly delivered and not validly revoked in respect of approximately 88% in aggregate principal amount of the Notes.

As a result, DL, the guarantors of the Notes and Deutsche Bank Trust Company Americas, as trustee, entered into a supplemental indenture dated as of February 27, 2023 implementing the Proposed Amendments."