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BNP Paribas, Others Arrange Millicom’s $500MM Revolving Credit Facility

June 06, 2014, 07:04 AM
Filed Under: Telecom

Millicom announced today that it has successfully completed a revolving credit facility of $500 million for Millicom International Cellular S.A.

The facility comprises a $200 million two-year tenor tranche with a one-year extension option, and a $300 million three-year tenor tranche with two one-year extension options. This revolving credit facility 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 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.

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