Digicel is extending the deadline for bondholders to agree to its new repayment terms.

The telecoms company is moving to cut its overall debt from around 7 billion US dollars to 5-point-4 billion.

The agreements concern the company’s senior bonds, due in 2024 with an interest rate of 8-point-75 per cent.

The offer had expired on Friday, June 5.

But, Digicel announced yesterday that it’s extending the offer by two weeks, until June 19.

The changes will increase Digicel’s liabilities by 100 million US dollars.

But, the company stresses that this will not affect its efforts to cut its overall debt by 1-point-6 billion dollar