A Bermuda scheme as an alternative to Chapter 11: Digicel case study

Edward Rance
Conyers Dill & Pearman

23 November 2020

Harbour in Bermuda (Credit: Shutterstock.com/Justdance)

Faced with a US$7 billion level of funded indebtedness, the Digicel group concluded a comprehensive debt restructuring in June 2020 that left its shareholders intact. A key aspect of the restructuring plan was an innovative Bermuda scheme of arrangement that was used as an alternative to Chapter 11 bankruptcy. Edward Rance, an associate at Conyers, reports.

Subscribe to Global Restructuring Review

Subscribe & start reading now!

GRR is a daily information service providing cross-border insolvency and restructuring news, features and events.

Upgrade now

Already have access? Login below

Edward Rance

Author | Associate

[email protected]

Get unlimited access to all Global Restructuring Review content

A Bermuda scheme as an alternative to Chapter 11: Digicel case study

Subscribe to Global Restructuring Review

Subscribe & start reading now!

Already have access? Login below

Related Topics

Edward Rance