Stories
In a narrow window between the late summer of 2020 and the winter of 2021, it looked like Denis O’Brien had pulled it off. He had managed to restructure Digicel’s debts in May 2020, forcing a hefty write-down on creditors. The only catch was that he needed to refinance a chunk of the debt before June 2023, on the pain of losing 47 per cent of his equity. It was not long after that, when the initial panic over Covid died down, that there began a bull market in risky bonds. Great news for O’Brien. Between May 2020 and June…
Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators. Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts. Annual membership is just €200 for the first year, a saving of €100. Or try The Currency for the first month for a special introductory rate of €5, a saving of €20. Cancel at any time. To become a member today click here.
Join The Currency
INTRODUCTORY OFFER: Full annual membership for just €200.
