Denis O'Brien pulled at least $1.9bn of dividends from Digicel between 2007 and 2015. The price at which the warrants could be converted into shares was set at Digicel reaching an equity value of $1.1 billion. Digicel managed to refinance its post-restructuring debt stack last summer after delivering two years of underlying earnings growth following years of decline. Its net debt stood at $2.75 billion – or 3.4 times ebitda – at the end of December, according to sources. There is obvious potential for Digicel to exit some of these or engage in asset swaps, according to market sources.

Source: The Irish Times March 28, 2026 17:31 UTC