Davis Polk & Wardwell LLP advised Digicel Limited on a Rule 144A/Regulation S offering of US$500 million of 8.25% senior notes due 2017 and a concurrent cash tender offer and consent solicitation by Digicel for any and all of its US$450 million aggregate principal amount of outstanding 9.25% notes due 2012. The tender offer consideration was funded from the net proceeds of the offering.

Digicel is the fastest-growing provider of wireless communications services in the Caribbean region, operating in 24 local markets.

The Davis Polk corporate team included partner Michael Kaplan and associates Jean Weng, Tabea Y. Hsi, Wendy Chong, Som Bhattacharyya and Michael J.S. Moran. Partner Lucy W. Farr and associate Michelle Messer provided tax advice. Associate Catherine L. Martin provided 1940 Act advice. Amarilys Katy Barbosa was the legal assistant for the transaction. All members of the Davis Polk team are based in the New York office.