Loan & DebtApr 14, 2026, 05:01 PM
Millicom Upsizes Senior Notes Reopening to $87.5M Due 2032
AI Summary
Millicom International Cellular S.A. successfully completed an upsized $87.5 million reopening of its 7.375% Senior Notes due 2032. This offering, a Regulation S private placement to Banco General, S.A., was an increase from the initially priced $75 million. The company intends to use the net proceeds for general corporate purposes, which may include capital expenditures and mergers and acquisitions.
Key Highlights
- Completed $87.5 million reopening of 7.375% Senior Notes due 2032.
- Upsized from original $75 million aggregate principal amount.
- Notes offered in a Regulation S private placement to Banco General, S.A.
- Proceeds for general corporate purposes, including capex and M&A.