Dig­i­cel has suc­cess­ful­ly repriced its term loan due in 2032.

In a news re­lease on Fri­day, the telecom­mu­ni­ca­tions com­pa­ny ex­plained, “The trans­ac­tion low­ers Dig­i­cel’s bor­row­ing costs on its ex­ist­ing debt and re­flects im­proved op­er­at­ing per­for­mance, dis­ci­plined fi­nan­cial man­age­ment, and con­tin­ued progress since its re­fi­nanc­ing last year. The repric­ing of its first lien term loan fol­lows a re­cent US$100 mil­lion vol­un­tary pre­pay­ment, un­der­scor­ing Dig­i­cel’s fo­cus on delever­ag­ing and fis­cal dis­ci­pline.”

Dig­i­cel Group’s chief fi­nan­cial of­fi­cer, Leopol­do Gutier­rez, said the repric­ing strength­ens the com­pa­ny’s cred­it pro­file and builds strong sup­port from lenders.

“This achieve­ment re­flects the sig­nif­i­cant progress we’ve made in strength­en­ing Dig­i­cel’s fi­nan­cial po­si­tion,” he said, “Se­cur­ing im­proved pric­ing, fol­low­ing our re­cent debt pay­down, un­der­scores the strength of our busi­ness and the con­fi­dence of our lenders. It al­so gives us greater flex­i­bil­i­ty to con­tin­ue in­vest­ing in our net­works and sup­port­ing long-term growth.”

Ac­cord­ing to the re­lease, “The repric­ing re­duces the in­ter­est rate on Dig­i­cel’s ap­prox­i­mate­ly $648 mil­lion loan by 0.75 per­cent­age points. It in­cludes no changes to the size, struc­ture, or ma­tu­ri­ty, which re­mains in Au­gust 2032, and does not in­volve new bor­row­ing.”

The re­lease con­tin­ued, “Un­der new lead­er­ship, Dig­i­cel has ex­e­cut­ed a fo­cussed turn­around strat­e­gy that has re­duced debt and repo­si­tioned the busi­ness for growth. The com­pa­ny al­so con­tin­ues mak­ing in­vest­ments in mo­bile, broad­band, and en­ter­prise ser­vices across its 25 Caribbean and Latin Amer­i­ca mar­kets.”

Dig­i­cel stat­ed it is work­ing to­ward its goal of build­ing a more re­silient, fu­ture-ready net­work, which in­cludes bol­ster­ing in­fra­struc­ture to with­stand cli­mate-re­lat­ed risks and sup­port the long-term needs of its cus­tomers and com­mu­ni­ties.