Digicel wins cheaper debt deal as turnaround continues

Details: Manny Pham; Category: Operators; 29 April 2026; 362 views

Digicel has secured a reduction in the interest rate on a major portion of its debt, in a move that signals growing lender confidence in the operator’s turnaround.

The Jamaica-based telecoms group cut the rate on its US$648 million term loan by 0.75 percentage points, with no changes to the loan’s size, structure or maturity. The facility remains due in 2032. Digicel said the repricing reflects “continued progress” following its refinancing last year.

The company also made a voluntary US$100 million repayment, underlining efforts to reduce leverage and strengthen its balance sheet.

Operating across 25 markets in the Caribbean and Latin America, Digicel has been focused on cutting its sizeable debt burden since the appointment of CEO Marcelo Cataldo in 2024. The group had previously accumulated around US$6 billion in debt following years of aggressive expansion.

The latest move suggests that strategy is gaining traction with lenders, who are now willing to offer more favourable terms as the company’s financial position improves.

For deeper insight into how Cataldo is reshaping Digicel’s strategy and steering the company from a debt-heavy past toward a more sustainable growth model, read our interview with the CEO.