Millicom's subsidiary in Guatemala, Comunicaciones Celulares S.A.,announces the issuance of US$900 million 5,125% senior notes due 2032
Luxembourg, January 27,2022 - Millicom's subsidiary, Comunicaciones Celulares S.A. (the "Company") rated Ba1 by Moody's and BB+ by Fitch, announced the completion of its offering of US$900 million 5,125% senior notes due 2032 (the "Notes"). 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 outstanding amount of the Bridge Facility Agreement after such repayment will amount to US$450 million. 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.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Forward-looking statements
This press release contains forward-looking statements. Actual results may differ materially from those reflected in the forward-looking statements. We undertake no obligation to release publicly the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof, including, without limitation, changes in our business or acquisition strategy or planned capital expenditures, or to reflect the occurrence of unanticipated events.
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| Press: Vivian Kobeh, Director Corporate Communications +1 786-628-5300 press@millicom.com (mailto:press@millicom.com) Yocasta Valdez, Group Manager Digital Media & Communications +1 305-929-5417 press@millicom.com (mailto:press@millicom.com) | Investors: Michel Morin, VP Investor Relations +1 786 628 5270 investors@millicom.com (mailto:investors@millicom.com) Sarah Inmon, Investor Relations Manager +1-786-628-5303 investors@millicom.com (mailto:investors@millicom.com) |
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About Comcel S.A.
Comunicaciones Celulares S.A. - Comcel is a leading provider of mobile and fixed communications services in Guatemala, providing Mobile, Cable TV, Broadband Internet and Mobile Financial Services under the TIGO brand, 100% owned by Millicom International Cellular S.A. (TIGO).
Attachment
- Press Release_Millicom subsidiary in Guatemala Comunicaciones Celulares S.A. announces the issuance of US 900 million senior notes due 2032_012722 (https://ml-eu.globenewswire.com/Resource/Download/a94a0e11-ab85-45a4-a4ed-7b5762770cc4)
