Millicom (Tigo) announces intent to redeem in full its 6.625% Senior Notes due 2026
Millicom (Tigo) has announced its intention to redeem in full its 6.625% Senior Unsecured Notes due 2026 on October 28, 2024. The redemption will cover the entire outstanding amount of $147,855,600. According to the terms of the indenture governing the Notes, the redemption price will be 100% of the principal amount, plus accrued and unpaid interest and Additional Amounts (if any) up to, but not including, the Redemption Date.
The company will send a notice of redemption to the holders of the Notes as required by the indenture. Millicom clarifies that this announcement does not constitute an offer to sell or a solicitation of an offer to buy any security, nor does it serve as a formal notice of redemption under the Indenture.
Millicom (Tigo) ha annunciato la sua intenzione di riscattare integralmente le sue Note Senior Non Garantite al 6,625% con scadenza nel 2026 il 28 ottobre 2024. Il riscatto coprirà l'intero ammontare in circolazione di $147,855,600. Secondo i termini del contratto di emissione che regola le Note, il prezzo di riscatto sarà 100% dell'ammontare principale, più gli interessi maturati e non pagati e gli Importi Aggiuntivi (se presenti) fino, ma non oltre, la Data di Riscatto.
La società invierà un avviso di riscatto ai detentori delle Note come richiesto dal contratto di emissione. Millicom chiarisce che questo annuncio non costituisce un'offerta di vendita né una sollecitazione a fare un'offerta per l'acquisto di titoli, né serve come un avviso formale di riscatto ai sensi del Contratto.
Millicom (Tigo) ha anunciado su intención de redimir en su totalidad sus Notas Senior No Garantizadas al 6.625% con vencimiento en 2026 el 28 de octubre de 2024. La redención cubrirá el monto total pendiente de $147,855,600. De acuerdo con los términos del contrato que rige las Notas, el precio de redención será 100% del monto principal, más los intereses acumulados y no pagados y Cantidades Adicionales (si las hubiera) hasta, pero sin incluir, la Fecha de Redención.
La empresa enviará un aviso de redención a los tenedores de las Notas como se exige en el contrato. Millicom aclara que este anuncio no constituye una oferta para vender ni una solicitud de oferta para comprar ningún valor, ni sirve como un aviso formal de redención bajo el Contrato.
밀리콤(Tigo)은 2026년 만기 6.625% 선순위 무담보 채권을 전액 상환할 계획을 2024년 10월 28일에 발표했습니다. 상환은 $147,855,600의 전액을 포함합니다. 채권 규약의 조건에 따르면, 상환 가격은 원금의 100%에, 누적 및 미지급 이자 및 추가 금액(있는 경우)을 합한 금액으로 결정되며, 상환일 이전까지 적용됩니다.
회사는 규약에서 요구하는 대로 채권 보유자에게 상환 통지서를 발송할 예정입니다. 밀리콤은 이 발표가 증권 판매 제안이나 구매 제안 요청을 구성하지 않으며, 규약에 따른 공식적인 상환 통지서로 작용하지 않는다고 강조합니다.
Millicom (Tigo) a annoncé son intention de racheter l'intégralité de ses Obligations Senior Non Garanties à 6,625% arrivant à échéance en 2026 le 28 octobre 2024. Le rachat couvrira le montant total en circulation de $147,855,600. Selon les conditions du contrat régissant les Obligations, le prix de rachat sera de 100% du montant principal, plus les intérêts accumulés et non payés et les Montants Additionnels (le cas échéant) jusqu'à, mais sans inclure, la Date de Rachat.
L'entreprise enverra un avis de rachat aux détenteurs des Obligations comme l'exige le contrat. Millicom précise que cette annonce ne constitue pas une offre de vente ou une sollicitation d'une offre d'achat de titres, ni ne sert d'avis formel de rachat en vertu du contrat.
Millicom (Tigo) hat die Absicht angekündigt, ihre 6,625% Senior Unsecured Notes mit Fälligkeit 2026 vollständig einzulösen am 28. Oktober 2024. Die Einlösung wird den gesamten ausstehenden Betrag von $147,855,600 abdecken. Laut den Bedingungen des Schuldverschreibungsscheins, der die Notes regelt, beträgt der Einlösungsbetrag 100% des Nennbetrags, zuzüglich aufgelaufener und unbezahlter Zinsen sowie zusätzlich anfallender Beträge (sofern vorhanden) bis zum, aber nicht einschließlich, dem Einlösungsdatum.
Das Unternehmen wird den Inhabern der Notes eine Einlösungsbenachrichtigung gemäß den Anforderungen des Schuldverschreibungsscheins zusenden. Millicom stellt klar, dass diese Ankündigung kein Angebot zum Verkauf oder eine Aufforderung zur Abgabe eines Kaufangebots für irgendein Wertpapier darstellt und auch nicht als formelle Benachrichtigung zur Einlösung gemäß dem Schuldverschreibungsschein dient.
- Full redemption of $147,855,600 in Senior Notes
- Redemption at 100% of principal amount, indicating financial stability
- None.
Insights
Millicom's decision to redeem
The redemption at
For investors, this action signals confidence in Millicom's financial health and future cash flow projections. It may also indicate that the company has access to lower-cost financing options or expects improved operational performance. Overall, this debt reduction should strengthen Millicom's balance sheet and potentially improve its credit rating, which could lead to lower borrowing costs in the future.
Millicom (Tigo) announces intent to redeem in full its
Luxembourg, October 18, 2024 – Millicom International Cellular S.A. (“Millicom”) today announces its intent to redeem on October 28, 2024 (the “Redemption Date”),
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any security nor a notice of redemption under the Indenture and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.
-END-
For further information, please contact
| Press: Sofía Corral, Director Corporate Communications press@millicom.com | Investors: Michel Morin, VP Investor Relations investors@millicom.com |
About Millicom
Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile telecommunications services in Latin America. Through our TIGO® and Tigo Business® brands, we provide a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of June 30, 2024, Millicom, including its Honduras Joint Venture, employed approximately 15,000 people, and provided mobile and fiber-cable services through its digital highways to more than 45 million customers, with a fiber-cable footprint of about 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.
FAQ
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