US$ 300 million syndicated loan closed in Colombia
Luxembourg, June 22, 2017 – Millicom International Cellular S.A. ("Millicom") announced today that its subsidiary Colombia Movil closed a US$ 300 million syndicated loan. The loan, denominated in US dollars, carries an interest rate of 250 basis points over LIBOR and has an average maturity of 4.5 years. Proceeds will be used to repay an inter-company loan from Millicom, which in turn plans to use the funds to reduce holding company debt and for general corporate purposes. The facility was led by JPMorgan Chase Bank, N.A. and The Bank of Nova Scotia as Joint Lead Arrangers and Bookrunners.
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Vivian Kobeh, Corporate Communications Director
Tel: +1 305 476 7352 / +1 305 302 2858 / firstname.lastname@example.org
Michel Morin, +352 277 59094
Mauricio Pinzon, Tel: +44 20 3249 2460
Millicom is a leading provider of cable and mobile services dedicated to emerging markets in Latin America and Africa. Millicom sets the pace when it comes to providing high-speed broadband and innovative digital lifestyle services through its principal brand, Tigo. Millicom employs about 18,000 people and provides mobile services to more than 57 million customers, with a Cable footprint of more than 8.1 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 2016, Millicom generated revenue of USD 6.25 billion and EBITDA of USD 2.17 billion.