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cloudhosting14 wrote: As you would already know that managed hosting itself is another form of Cloud hosting in which the system administrations of servers is looked upon by the CPs. Similar is the case with managed multi Cloud hosting. You can very well understand how a big burden it would be to manage multi cloud servers for organization; this is why a service known as managed multi Cloud is provided to these users. This service ensures them the seam less running of their system administrative operations while organizations focus more on t...

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Digicel Limited Announces Pricing of Private Placement of Senior Notes

KINGSTON, Jamaica, Feb. 19, 2013 /PRNewswire/ -- Digicel Limited ("Digicel") today announced that it has priced its private placement of 6.00% US$1.0 billion of senior notes due 2021. Digicel Limited is a limited liability exempted company organized under the laws of Bermuda and owned by Mr. Denis O'Brien.

Digicel intends to (1) use the net proceeds from this offering to (i) repurchase any and all of Digicel's 12% Senior Notes due 2014 (the "12% Senior Notes") in a concurrent tender offer and the related consent solicitation, (ii) pay any related fees and expenses, including applicable consent fees, tender premiums and accrued interest on the 12% Senior Notes, and (iii) redeem the 12% Senior Notes, if any, that remain outstanding after the completion of the tender offer and (2) use any remaining net proceeds for general corporate purposes, which could include capital expenditures, acquisitions, debt repayment or dividends to Digicel Group Limited (subject to the limitations in our debt instruments).

The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

SOURCE Digicel Limited

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