Digicel investors group to oppose debt restructuring plan

Plan to cut Digicel’s borrowings by 25 per cent not believed to be affected by action

19th April, 2020
Digicel investors group to oppose debt restructuring plan
Denis O’Brien. Picture: Fergal Phillips.

A group of bondholders in Denis O’Brien’s Digicel has hired debt restructuring experts as part of plans to oppose the deal he is offering.

While the attempts to oppose some of the restructuring will not derail the overall plan to cut Digicel’s borrowings by 25 per cent, a group of investors in some of the bonds have held out on loosening the terms attached to their portion of the debt.

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