Millicom announces a RCF of $500m with twelve banks
ET | Source:Millicom International Cellular S.A.
Stockholm, 6 June, 2014 – Millicom (Stockholmsbörsen: MIC) announced today that
it has successfully completed a revolving credit facility (“RCF”) of $500m for
Millicom International Cellular S.A.
The Facility comprises a $200m two-year tenor tranche with a one-year extension
option, and a $300m three-year tenor tranche with two one-year extension
options. This RCF provides Millicom an increased flexibility in managing its
cash balances and will be used for general corporate purposes.
Tim Pennington, Millicom’s Group CFO commented, “We are pleased with the strong
commitment shown towards Millicom by these twelve reputable international
The loan was arranged by Mandated Lead Arrangers & Bookrunners: BNP Paribas,
Citi, DNB and Scotiabank. In addition to the four Mandated Lead Arrangers &
Bookrunners, 8 Mandated Lead Arrangers joined the facility during syndication:
Banco Itaù BBA, Barclays, Credit Agricole CIB, Goldman Sachs, J.P. Morgan,
Morgan Stanley, Nordea and RBS.
For more please visit: www.millicom.com or contact:
Julian Eccles, VP, Corporate Communications
+44 7720 409374
Nicolas Didio, Director of Investor Relations
+44 203 249 2220
Millicom is a leading international telecommunications and media company
dedicated to emerging markets in Latin America and Africa. Millicom sets the
pace when it comes to providing digital lifestyle services to the world’s
emerging markets, giving access to the world, primarily through mobile devices.
Operating in 15 countries, Millicom offers innovative and customer-centric
products. Millicom employs more than 10,000 people and provides mobile, cable,
broadband, TV content, online and financial services to over 50 million
customers. Founded in 1990, Millicom is headquartered in Luxembourg and listed
on NASDAQ OMX Stockholm under the symbol MIC. In 2013 Millicom generated revenue
of $5.16 billion and EBITDA of $1.9 billion.
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