Silver Chicken Comes Home To Roost

at | 9 Replies

Denis O’Brien in Haiti in 2010

Rating agency Fitch is expressing the view that Caribbean telecoms giant Digicel may be unable to repay debt due this year, even as it gets a 30-day grace period for interest payments on US$2.9 billion worth of debt.

Expressing the view that, “this debt is not expected to be repaid”, Fitch points out that the default will stem from heightened uncertainty related to the novel coronavirus disease (COVID-19) pandemic.

Meanwhile…

Via The Irish Times:

Businessman Denis O’Brien’s heavily indebted Digicel revealed on Thursday that it is looking for creditors to write off $1.7 billion (€1.55 billion) of what they are owed, as the phone group has been left with an unsustainable debt file following years of earnings decline.

The move would reduce Digicel’s total debt by almost 25 per cent from $7 billion currently.

Denis O’Brien’s Digicel seeks $1.7bn debt write-off (The Irish Times)

COVID-19 pressures Digicel (Jamaica Gleaner)

Meanwhile,…

Actavo?

Yesterday.

Covid-19 Step Down facility, Citywest, Dublin.

Clive Woods tweetz:

“Denis O’Brein’s company???”

Yesterday: Conference Call

Previously: A Step Down

9 thoughts on “Silver Chicken Comes Home To Roost

  1. GiggidyGoo

    Of course it’s Actavo. No need for crowd barriers at the moment, so diversification required.

    Of course we’re not privatizing Private Hospitals – we’re leasing them

    Another ‘Gimme’ request from Digicel. ‘Gimme $ 1,700,000,000 off my debt.’

    Reply
    1. GiggidyGoo

      Looks photoshopped alright. If it isn’t, then it’s true what’s said about vampires not casting shadows.

      Reply
  2. GiggidyGoo

    Never miss an opportunity for a photo shoot – that’s Leo. All smiles. During a pandemic. No shame.

    Reply

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