Millicom to prepay portion of bridge loan via note proceeds

By Wendy Van Sickle

Columbus, Ohio, Jan. 27 – Millicom International Cellular SA said proceeds of a $900 million issue of 5 1/8% senior notes due 2032 by its subsidiary in Guatemala, Comunicaciones Celulares SA, will be used to prepay a portion of a bridge loan, according to a news release.

The bridge facility agreement was entered to complete the acquisition of a 45% stake in the company and the other Tigo operations in Guatemala in November. Following the repayment, $450 million will remain outstanding under the bridge facility.

Millicom is a Luxembourg-based provider of cable and mobile services to customers in Latin America and Africa.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.