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Goldman Sachs, Others Arrange $600MM Revolver for Millicom

January 30, 2017, 07:50 AM
Filed Under: Telecom

Millicom International Cellular S.A announced that it has entered into a five-year $600 million revolving credit facility with a group of international and regional banks.

The successful syndication, which targeted new banks as well as existing relationship banks, resulted in an oversubscription, with the Company opting to close the facility at $600 million.

This Facility will be used to refinance the Company's existing dual-tranche $500 million revolving credit facility dated 4 June 2014 and for general corporate purposes.

BGL BNP Paribas, Citi, DNB and Scotiabank acted as Coordinators and Bookrunning Mandated Lead Arrangers. Furthermore, Bank of China, Goldman Sachs and JP Morgan joined as Mandated Lead Arrangers, together with Barclays, BBVA, ICBC, and Nordea joining as Lead Arrangers. Standard Bank and Standard Chartered joined the Facility as Arrangers.

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