Digicel Launches $1.4 Billion Senior Note Offering For Buyout

Jamaica-based Digicel, the Caribbean wireless provider, launched a roadshow Wednesday for a $1.4 billion sale of 2015 senior notes expected to be priced at the end of next week. Price talk is due out early next week. Proceeds will be used to help Irish entrepreneur Denis O’Brien, who controls 78% of Digicel, buy back of the remaining shares of the company he doesn’t already own. Citi and JPMorgan are joint lead books on the unregistered deal.