Millicom enters into $600 million five-year revolving credit facility

By Tali Rackner

Norfolk, Va., Jan. 30 – Millicom International Cellular SA entered into a $600 million five-year revolving credit facility, according to a press release.

The syndication, which was aimed at new and existing relationship banks, resulted in an oversubscription, with the facility closing at $600 million.

Proceeds will be used to refinance the existing dual-tranche $500 million revolving credit facility dated June 4, 2014 and for general corporate purposes.

BGL BNP Paribas Securities Corp., Citi, DNB and Scotiabank acted as coordinators and bookrunning mandated lead arrangers. Bank of China, Goldman Sachs and JPMorgan were mandated lead arrangers, together with Barclays, BBVA Securities Inc., ICBC, and Nordea as lead arrangers.

Millicom is a Luxembourg-based telecom and media company focused on emerging markets in Latin America and Africa.

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