Millicom International Cellular entered into a five-year $600 million revolving credit facility with a group of international and regional banks.
This facility will be used to refinance the company’s existing dual-tranche $500 million revolving credit facility dated June 4, 2014 and for general corporate purposes.
BNP Paribas, Citi, DNB and Scotiabank acted as coordinators and bookrunning mandated lead arrangers. Bank of China, Goldman Sachs and JPMorgan were mandated lead arrangers together with Barclays, BBVA, ICBC and Nordea joining as lead arrangers. Standard Bank and Standard Chartered joined the facility as arrangers.
Millicom is a telecom and media company dedicated to emerging markets in Latin America and Africa.