|By Business Wire||
|June 6, 2014 04:26 AM EDT||
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 banks.”
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.
Millicom (STO:MIC) 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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