Brief: Tigo Guatemala To Acquire Senior Notes In Millicom's Comcel

Millicom International Cellular SA

07/11/2022 08:27

Nov 7 (Reuters) - Millicom International Cellular S.A.
 TIGOsdb.ST :
    * ON SATURDAY ANNOUNCED TENDER OFFER BY TIGO GUATEMALA TO
PURCHASE
UP TO $90 MLN IN AGGREGATE PRINCIPAL AMOUNT OF OUTSTANDING
COMCEL 5.125% SENIOR NOTES DUE 2032
    * GUATEMALAN OPERATION, COMUNICACIONES CELULARES, COMCEL,
HAS
COMMENCED TENDER OFFER TO PURCHASE FOR CASH UP TO $90 MLN IN
AGGREGATE PRINCIPAL AMOUNT OF OUTSTANDING 5.125% SENIOR NOTES
DUE 2032
    * PURPOSE OF TENDER OFFER IS TO PURCHASE DEBT GUARANTEED BY
TIGO
GUATEMALA CONSISTENT WITH MILLICOM'S PLANS TO PURCHASE
OUTSTANDING DEBT ISSUED OR ASSUMED BY MILLICOM OR ITS
SUBSIDIARIES TO REDUCE MILLICOM'S DEBT
    * CONSIDERATION FOR EACH $1,000 PRINCIPAL AMOUNT OF NOTES
VALIDLY
TENDERED AT OR PRIOR TO EARLY TENDER TIME AND ACCEPTED FOR
PURCHASE PURSUANT TO TENDER OFFER WILL BE $822.50

        
 Source text: [https://bit.ly/3fA0i1C]
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