Issuance of USD900 million 5.125% senior notes due 2032
By Mayora IP
Millicom’s Guatemalan subsidiary, Comunicaciones Celulares S.A. rated Ba1 by Moody’s and BB+ by Fitch, announced the completion of its offering of USD900 million 5.125% senior notes due 2032. Millicom intends to use the net proceeds to prepay a portion of its remaining obligations under the Bridge Facility Agreement entered into to complete the acquisition of a 45% stake in the company and the other Tigo operations in Guatemala in November 2021. The notes are expected to be listed on the Luxembourg Stock Exchange.The notes are being sold within the United States to qualified institutional buyers who are also qualified purchasers in reliance on Rule 144A under the Securities Act and to certain non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.
