Millicom announces $600 million revolving credit facility
Luxembourg, 30 January 2017 – Millicom International Cellular S.A (“Millicom” or the “Company”) announced today that it has entered into a 5-year $600,000,000 revolving credit facility (the “Facility”) with a group of international and regional banks.
The successful syndication, which targeted new banks as well as existing relationship banks, resulted in an oversubscription, with the Company opting to close the Facility at $600,000,000.
This Facility will be used to refinance the Company’s existing dual-tranche $500,000,000 revolving credit facility dated 4 June 2014 and for general corporate purposes.
BGL BNP Paribas, Citi, DNB and Scotiabank acted as Coordinators and Bookrunning Mandated Lead Arrangers. Furthermore, Bank of China, Goldman Sachs and JP Morgan joined as Mandated Lead Arrangers, together with Barclays, BBVA, ICBC, and Nordea joining as Lead Arrangers. Standard Bank and Standard Chartered joined the Facility as Arrangers.
ENDS
For further information please visit: www.millicom.com or contact:
Investors:
David Boyd, Interim Investor Relations Director
Tel: +44 20 3249 2413 / investors@millicom.com
Mauricio Pinzon, Investor Relations Manager
Tel: +44 20 3249 2460 / investors@millicom.com
Press:
Vivian Kobeh, Corporate Communications Director
Tel: +352 277 59084 / mobile +1 305 3022858
press@millicom.com
About Millicom
Millicom is a leading telecom and media company dedicated to emerging markets in Latin America and Africa. Millicom sets the pace when it comes to providing innovative and customer-centric digital lifestyle services through its principal brand, Tigo. Millicom employs more than 16,000 people and provides mobile services to more than 57 million customers, with a Cable footprint of more than 7.5 million homes passed. Founded in 1990, Millicom International Cellular SA is headquartered in Luxembourg and listed on NASDAQ OMX Stockholm under the symbol MIC. In 2015, Millicom generated revenue of USD 6.73 billion and Adjusted EBITDA of USD 2.27 billion.
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