Millicom (Tigo) subsidiary Telefónica Celular del Paraguay S.A.E. announces its intent to partially redeem Senior Notes due 2027
Millicom's subsidiary, Telefónica Celular del Paraguay S.A.E (Telecel Paraguay), has announced its intention to partially redeem $150,000,000 of its 5.875% Senior Unsecured Notes due 2027. The redemption is scheduled for September 23, 2024. 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.
This announcement does not constitute an offer to sell or a solicitation to buy any security, nor does it serve as a formal notice of redemption under the Indenture. The company emphasizes that this action does not represent an offer, solicitation, or sale in any jurisdiction where such activities would be unlawful.
La sussidiaria di Millicom, Telefónica Celular del Paraguay S.A.E (Telecel Paraguay), ha annunciato la sua intenzione di rimborsare parzialmente $150.000.000 dei suoi Titoli Senior Non Garantiti con tasso del 5,875% in scadenza nel 2027. Il rimborso è previsto per il 23 settembre 2024. Secondo i termini dell'atto costitutivo che regola i Titoli, il prezzo di rimborso sarà pari al 100% del valore nominale, più gli interessi maturati e non pagati e ulteriori importi (se presenti) fino, ma non oltre, la Data di Rimborso.
Questo annuncio non costituisce un'offerta di vendita né una sollecitazione all'acquisto di alcun titolo, né funge da comunicazione formale di rimborso ai sensi dell'Atto. L'azienda sottolinea che questa azione non rappresenta un'offerta, una sollecitazione o una vendita in alcuna giurisdizione in cui tali attività sarebbero illecite.
La subsidiaria de Millicom, Telefónica Celular del Paraguay S.A.E (Telecel Paraguay), ha anunciado su intención de reembolso parcial de $150,000,000 de sus Notas Senior No Garantizadas con una tasa del 5.875% que vencen en 2027. El reembolso está programado para el 23 de septiembre de 2024. De acuerdo con los términos del contrato que rige las Notas, el precio de reembolso será el 100% del monto principal, más los intereses acumulados y no pagados y Cantidades Adicionales (si las hubiera) hasta, pero sin incluir, la Fecha de Reembolso.
Este anuncio no constituye una oferta de venta ni una solicitud para comprar ningún valor, ni sirve como aviso formal de reembolso bajo el Contrato. La compañía enfatiza que esta acción no representa una oferta, solicitud o venta en ninguna jurisdicción donde tales actividades serían ilegales.
밀리콤의 자회사인 텔레포니카 셀룰라 델 파라과이 S.A.E (텔레셀 파라과이)는 2027년에 만료되는 5.875%의 선순위 무담보 채권 $150,000,000의 부분적 상환 의사를 발표했습니다. 상환은 2024년 9월 23일로 예정되어 있습니다. 채권을 규율하는 계약의 조건에 따르면, 상환 가격은 원금의 100%에 해당하며, 미지급 이자 및 추가 금액(있을 경우)을 포함하여 상환일 이전까지입니다.
이번 발표는 어떤 유가증권을 판매하거나 구매를 요청하는 제안을 구성하지 않으며, 본 계약에 따른 공식적인 상환 통지로도 작용하지 않습니다. 회사는 이 조치가 그러한 활동이 불법인 관할권에서의 제안, 요청 또는 판매를 나타내지 않음을 강조합니다.
La filiale de Millicom, Telefónica Celular del Paraguay S.A.E (Telecel Paraguay), a annoncé son intention de racheter partiellement 150 000 000 $ de ses Obligations Senior Non Garanties à 5,875 %, arrivant à échéance en 2027. Le rachat est prévu pour le 23 septembre 2024. Selon les termes de l'acte régissant les Obligations, le prix de rachat sera de 100% du montant nominal, plus les intérêts accumulés et non payés et les Montants Supplémentaires (le cas échéant) jusqu'à, mais sans inclure, la Date de Rachat.
Cette annonce ne constitue pas une offre de vente ni une sollicitation d'achat de titres, et ne sert pas non plus d'avis formel de rachat dans le cadre de l'Acte. La société souligne que cette action ne représente pas une offre, sollicitation ou vente dans une juridiction où de telles activités seraient illégales.
Die Tochtergesellschaft von Millicom, Telefónica Celular del Paraguay S.A.E (Telecel Paraguay), hat ihre Absicht bekannt gegeben, 150.000.000 $ ihrer 5,875% Senior Unsecured Notes, die 2027 fällig werden, teilweise zurückzuzahlen. Die Rückzahlung ist für den 23. September 2024 geplant. Gemäß den Bedingungen des Vertrags, der die Anleihen regelt, beträgt der Rückzahlungsbetrag 100% des Nennbetrags, zuzüglich aufgelaufener und nicht bezahlter Zinsen sowie zusätzlicher Beträge (falls vorhanden) bis, aber nicht einschließlich, des Rückzahlungstermins.
Diese Ankündigung stellt kein Angebot zum Verkauf oder eine Aufforderung zum Kauf von Wertpapieren dar, noch dient sie als formelle Rückzahlungsmitteilung gemäß dem Vertrag. Das Unternehmen betont, dass diese Maßnahme kein Angebot, keine Aufforderung oder keinen Verkauf in einer Rechtsordnung darstellt, in der solche Aktivitäten rechtswidrig wären.
- Partial redemption of $150 million in Senior Notes
- Redemption at 100% of principal amount, indicating financial stability
- None.
Insights
Telecel Paraguay's decision to partially redeem
However, investors should note that this redemption comes without any premium, which is neutral for bondholders. The impact on Millicom's overall financial position may be , given that this is a partial redemption of a subsidiary's debt. Nonetheless, it reflects a prudent approach to debt management and could potentially free up capital for other strategic initiatives or investments in the Paraguayan market.
This debt redemption by Telecel Paraguay, a Millicom subsidiary, signals confidence in the Paraguayan telecom market. As the telecom sector continues to evolve rapidly, especially with the rollout of 5G networks and increased demand for digital services, managing debt efficiently becomes crucial. This move could potentially provide Telecel Paraguay with more financial flexibility to invest in network infrastructure or new technologies.
For Millicom, strengthening its position in Paraguay through improved subsidiary financials aligns with its strategy to focus on high-growth markets in Latin America. However, investors should monitor how this capital reallocation might affect Telecel Paraguay's competitive position and future growth plans in the region.
Millicom (Tigo) subsidiary Telefónica Celular del Paraguay S.A.E. announces its intent to partially redeem Senior Notes due 2027
Luxembourg, September 13, 2024 – Millicom’s subsidiary Telefónica Celular del Paraguay S.A.E (“Telecel Paraguay”) today announces its intent to redeem
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.
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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.
About Telefónica Celular del Paraguay S.A.E.
Telefónica Celular del Paraguay S.A.E. is a wholly-owned subsidiary of Millicom International Cellular S.A. under the brand Tigo, which employs approximately 3,100 people and is the leading provider of communications, information, entertainment and solutions services in Paraguay through the provision of mobile telephony, cable and broadband internet.
FAQ
What is the amount of Senior Notes that Telecel Paraguay intends to redeem?
When is the Redemption Date for Telecel Paraguay's Senior Notes (TIGO)?
What is the redemption price for Telecel Paraguay's Senior Notes (TIGO)?
Does this announcement constitute an offer to sell or buy securities for Millicom (TIGO)?
