Digicel bondholders turn up the pressure

Hiring of investment bank is latest move by bondholders as O’Brien firm seeks new debt deal

23rd September, 2018

The pressure on Denis O’Brien’s Digicel by bondholders is being stepped up as a number of them have appointed an investment bank to advise them on the company’s debt restructuring plan.

It has emerged that Moelis, a New York-based company that specialises in mergers, recapitalisations and restructurings, is working with a group of bondholders who are most affected by the Digicel debt move. O’Brien is looking to swap some...

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