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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.
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