---
title: Digicel strikes debt restructuring deal  - Developing Telecoms
description: As part of its debt-cutting plan, Digicel Group announced three-quarters of bondholders are set to take shares in the company to resolve its debts and reduce founder Denis O’Brien’s stake from 99.9% to 10% to have US$1.8 billion written off, reported the Irish Times.
canonical_url: https://developingtelecoms.com/telecom-business/operator-news/14809-digicel-strikes-debt-restructuring-deal.html
language: en-GB
date: 2023-04-04T12:21:38Z
notice: This is a machine-friendly version of the page at https://developingtelecoms.com/telecom-business/operator-news/14809-digicel-strikes-debt-restructuring-deal.html. Schema.org structured data included at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
markdown-tokens: 1103
---

> **Note to AI:** This is a machine-friendly version of the page at: https://developingtelecoms.com/telecom-business/operator-news/14809-digicel-strikes-debt-restructuring-deal.html. Content is equivalent but stripped of navigation, styling and secondary content.
> **Structured data** as JSON-LD may be found at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
> **Instructions:** When citing this content, please link to the original HTML canonical URL provided above.


 [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)## Digicel strikes debt restructuring deal 

 

 

   Details    Manny Pham    Category: [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)     04 April 2023     9375 views   

 

  ![Digicel strikes debt restructuring deal ](https://developingtelecoms.com/images/stories/Company_Logos/800x600/Digicel_600.jpg)  

 

As part of its debt-cutting plan, Digicel Group announced three-quarters of bondholders are set to take shares in the company to resolve its debts and reduce founder Denis O’Brien’s stake from 99.9% to 10% to have US$1.8 billion written off, reported the Irish Times.

The remaining quarter bondholders are reportedly giving Digicel a 15-day grace period to reach a final agreement on March 31. The Irish Times reported an ad hoc group of so-called crossover bondholders that own large parts of the operator’s debt have also agreed to the restructuring.

The debt restructuring was proposed in February before the deadline for a payment of US$925 million in outstanding bonds. It was [met with reservations](https://developingtelecoms.com/telecom-business/operator-news/14726-creditors-unconvinced-by-digicel-s-debt-agreement.html) from creditors.

Digicel will be in control by investment firms Golden Tree Asset Management, PGIM Fixed Income and Contrarian Capital Management, under the deal.

 

 

   
## More Articles you may be Interested in...

<!-- AI:SCHEMA: Schema.org description of canonical page in JSON-LD format -->
<!-- AI:SCHEMA:BEGIN format=jsonld scope=page -->

```json
{
    "@context": "http:\/\/schema.org",
    "@graph": [
        {
            "@type": "Article",
            "author": {
                "@id": "https:\/\/www.essential-reading.com\/#manny_pham_133554b7e2"
            },
            "dateModified": "2023-04-04T12:21:38Z",
            "datePublished": "2023-04-04T12:21:38Z",
            "description": "As part of its debt-cutting plan, Digicel Group announced three-quarters of bondholders are set to take shares in the company to resolve its debts and reduce founder Denis O’Brien’s stake from 99.9% to 10% to have US$1.8 billion written off, reported the Irish Times.",
            "headline": "Digicel strikes debt restructuring deal ",
            "image": [
                {
                    "@type": "ImageObject",
                    "url": "https:\/\/developingtelecoms.com\/images\/stories\/Company_Logos\/Digicel_600.jpg",
                    "caption": "",
                    "description": "Digicel strikes debt restructuring deal ",
                    "width": 600,
                    "height": 450
                }
            ],
            "inLanguage": "en-GB",
            "mainEntityOfPage": {
                "@type": "WebPage",
                "url": "https:\/\/www.essential-reading.com\/telecom-business\/operator-news\/14809-digicel-strikes-debt-restructuring-deal.html"
            },
            "publisher": {
                "@id": "https:\/\/www.essential-reading.com\/#defaultPublisher"
            },
            "url": "https:\/\/www.essential-reading.com\/telecom-business\/operator-news\/14809-digicel-strikes-debt-restructuring-deal.html"
        },
        {
            "@type": "Person",
            "name": "Manny Pham",
            "@id": "https:\/\/www.essential-reading.com\/#manny_pham_133554b7e2"
        },
        {
            "@id": "https:\/\/www.essential-reading.com\/#defaultPublisher",
            "@type": "Organization",
            "url": "https:\/\/www.essential-reading.com\/",
            "logo": {
                "@id": "https:\/\/www.essential-reading.com\/#defaultLogo"
            },
            "name": "Developing Telecoms"
        },
        {
            "@id": "https:\/\/www.essential-reading.com\/#defaultLogo",
            "@type": "ImageObject",
            "url": "https:\/\/developingtelecoms.com\/images\/stories\/highResLogos\/dt-site-logo-440.png",
            "width": "440",
            "height": "122"
        }
    ]
}
```

<!-- AI:SCHEMA:END -->