$1.35 Billion Financing for Digicel

Davis Polk, Consortium Legal, Pillsbury Winthrop Shaw Pittman and Arias advised on the transaction

Citi—as joint book runner with JPMorgan, and co-lead arranger with JPMorgan, Barclays, Credit Suisse and Deutsche Bank—finalized a $1.35 billion three-tranche syndicated loan facility for Digicel International Finance Limited.

The financing was comprised of a Term A loan worth roughly $300 million—made up of separate US Dollar and Euro-denominated loans—and a Term B loan valued at $955 million. The deal also includes a $100 million revolving credit facility. Citi acted as Administrative Agent for the facilities.

Davis Polk & Wardwell advised Digicel with Joseph P. Hadley (Picture) and David S. Wheelock.

In Salvador, Consortium Legal advised Digicel with Oscar Samour and Felipe Aragón Vassiliu.

Pillsbury advised Citibank with Jon Whitney, Maria Cho, Joseph Galvin, Maureen Reed and Issac Lee. New York partner Harsha Reddy advised on related tax issues.

In Salvador, Arias advised Citibank with Zigmunt Brett and Mariana Nochez.

 

Involved fees earner: Oscar Samour Santillana – Consortium – Legal; Felipe Aragón Vassiliu – Consortium – Legal; Zigmunt Brett – Arias ; Mariana Nochez Palacios – Arias ; Jonathan Whitney – Pillsbury Winthrop Shaw Pittman LLP; Maria Cho – Pillsbury Winthrop Shaw Pittman LLP; Joseph Galvin – Pillsbury Winthrop Shaw Pittman LLP; Maureen Reed – Pillsbury Winthrop Shaw Pittman LLP; Issac Lee – Pillsbury Winthrop Shaw Pittman LLP; Harsha Reddy – Pillsbury Winthrop Shaw Pittman LLP; Joseph P. Hadley – Davis Polk & Wardwell; David Wheelock – Davis Polk & Wardwell;

Law Firms: Consortium – Legal; Arias ; Pillsbury Winthrop Shaw Pittman LLP; Davis Polk & Wardwell;

Clients: Citibank; Digicel;

 

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Author: Ambrogio Visconti