Telecoms company, Digicel, is edging toward an accord with some investors to push out a share of its debt after months of negotiations.
The Irish Times reported on Tuesday that the company is offering new secured bonds maturing in 2022 in exchange for $2 billion of unsecured notes originally due in September 2020.
Digicel may announce on Tuesday that at least a portion of its investors have taken up of the offer.
Bondholders rejected elements of an exchange plan outlined by Digicel in August and quickly organised to push for better terms.
This month, Digicel extended the deadline for take-up of the offer to December 18 and sweetened the terms.
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