Brief: Millicom: Proposed Offering Of Senior Notes And Intent To Redeem Its Senior Notes Due 2025
19/10/2020 14:02
Oct 19 (Reuters) - Millicom International Cellular SA
TIGOsdb.ST :
* REG-MILLICOM ANNOUNCES PROPOSED OFFERING OF SENIOR NOTES
AND
INTENT TO REDEEM ITS SENIOR NOTES DUE 2025
* EXPECTS TO USE NET PROCEEDS FROM NEW OFFERING, ALONG WITH
EXISTING CASH ON BALANCE SHEET, TO REDEEM FULL AGGREGATE
PRINCIPAL AMOUNT OF ITS 6.0% SENIOR NOTES DUE 2025
* 2025 NOTES WILL BE REDEEMED AT A REDEMPTION PRICE EQUAL TO
103%
OF PRINCIPAL AMOUNT OF 2025 NOTES REDEEMED
* PROPOSING TO SELL $500 MILLION AGGREGATE PRINCIPAL AMOUNT
OF
SENIOR NOTES DUE 2031 ( "NEW NOTES") IN A PRIVATE OFFERING
* ANTICIPATED REDEMPTION DATE IS OCTOBER 29, 2020.
Source text for Eikon: ID:nGNE8WlCP5
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