Millicom’s subsidiary in Guatemala, Comunicaciones Celulares S.A., announces the issuance of US$900 million 5,125% senior notes due 2032
Millicom’s subsidiary in Guatemala, Comunicaciones Celulares S.A., has successfully issued US$900 million in 5.125% senior notes due 2032. The proceeds will be used to prepay part of the Bridge Facility Agreement related to the acquisition of a 45% stake in the company. After this transaction, the remaining obligations under the facility will be US$450 million. Rated Ba1 by Moody’s and BB+ by Fitch, the notes will be listed on the Luxembourg Stock Exchange.
- Successful issuance of US$900 million senior notes.
- Proceeds will help reduce debt under the Bridge Facility Agreement.
- Strong ratings: Ba1 by Moody’s and BB+ by Fitch.
- None.
Millicom’s subsidiary in Guatemala, Comunicaciones Celulares S.A., announces the issuance of US$900 million 5,
Luxembourg, January 27, 2022 – Millicom’s subsidiary, Comunicaciones Celulares S.A. (the “Company”) rated Ba1 by Moody’s and BB+ by Fitch, announced the completion of its offering of US
The Notes are being sold within the United States to qualified institutional buyers who are also qualified purchasers in reliance on Rule 144A under the Securities Act and to certain non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Forward-looking statements
This press release contains forward-looking statements. Actual results may differ materially from those reflected in the forward-looking statements. We undertake no obligation to release publicly the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof, including, without limitation, changes in our business or acquisition strategy or planned capital expenditures, or to reflect the occurrence of unanticipated events.
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For further information, please contact
| Press: Vivian Kobeh, Director Corporate Communications +1 786-628-5300 press@millicom.com Yocasta Valdez, Group Manager Digital Media & Communications +1 305-929-5417 press@millicom.com | Investors: Michel Morin, VP Investor Relations +1 786 628 5270 investors@millicom.com Sarah Inmon, Investor Relations Manager +1-786-628-5303 investors@millicom.com |
About Millicom
Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile services dedicated to emerging markets in Latin America. Millicom sets the pace when it comes to providing high-speed broadband and innovation around The Digital Lifestyle® services through its principal brand, TIGO. As of the end of September 2021, Millicom operating subsidiaries and joint ventures employ close to 21,000 people and provide mobile services to approximately 44 million customers, with a cable footprint of more than 12 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg. For more information, visit: millicom.com. Connect with Millicom on Twitter, Instagram, Facebook and LinkedIn.
About Comcel S.A.
Comunicaciones Celulares S.A. – Comcel is a leading provider of mobile and fixed communications services in Guatemala, providing Mobile, Cable TV, Broadband Internet and Mobile Financial Services under the TIGO brand,
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FAQ
What is the purpose of Millicom's US$900 million senior notes issuance?
What is the maturity date of the senior notes issued by Comunicaciones Celulares S.A.?
Where will the senior notes be listed?
What is the rating of the senior notes issued by Millicom’s subsidiary?
Who are the buyers of the senior notes?
