Millicom Announces the Success of Its Tender Offers
28 Aprile 2016 - 9:54AM
Business Wire
Millicom International Cellular S.A. (STO:MIC)(NASDAQ:MICC)
announces today that its tender offers for its outstanding SEK
bonds have been a success, with holders of 84.2%, representing SEK
1,684,000,000 in aggregate principal amount of all SEK bonds,
accepting Millicom's offers in either the Early Tender Offer and
the Regular Tender Offer.
In the Regular Tender Offer, Millicom offered to holders of its
SEK 250,000,000 5.125% Senior Unsecured Fixed Rate Notes due 2017
(ISIN SE0004809655) (the "Fixed Rate Notes") and its SEK
1,750,000,000 STIBOR +3.500% Senior Unsecured Floating Rate Notes
due 2017 (ISIN SE0004809663) (the "Floating Rate Notes", and
together with the Fixed Rate Notes, the "Notes") to tender for
purchase by Millicom any and all of their Notes by 4:00 p.m. CET on
27 April 2016 (the "Regular Tender Deadline").
At the Regular Tender Deadline, SEK 17,000,000 in aggregate
principal amount of the Fixed Rate Notes and SEK 96,000,000 in
aggregate principal amount of the Floating Rate Notes had been
validly tendered. Millicom has decided to accept for purchase in
full all such validly tendered Notes and will pay to such holders
105.8% of the nominal amount of the Fixed Rate Notes and 102.8% of
the nominal amount of the Floating Rate Notes, in each case
together with any accrued interest. In the Early Tender Offer,
which settled on 21 April 2016, Millicom had accepted for purchase
SEK 169,000,000 and SEK 1,402,000,000 in aggregate principal amount
of Fixed Rate Notes and Floating Rate Notes, respectively.
The Regular Tender Offer is expected to settle on 2 May 2016.
After settlement, SEK 64,000,000 in aggregate principal amount
of the Fixed Rate Notes (25.6%) and SEK 252,000,000 in aggregate
principal amount of the Floating Rate Notes (14.4%) will remain
outstanding.
The Tender Agent for the tender offers is Nordea Bank AB (publ),
and the Dealer Managers for the tender offer are DNB Bank ASA,
Sweden Branch, and Nordea Bank Danmark A/S.
About Millicom
Millicom is a leading telecom and media company dedicated to
emerging markets in Latin America and Africa. Millicom sets the
pace when it comes to providing innovative and customer-centric
digital lifestyle services to the world’s emerging markets. The
Millicom Group employs more than 16,000 people and provides mobile
services to over 62 million customers. Founded in 1990, Millicom
International Cellular SA is headquartered in Luxembourg and listed
on NASDAQ OMX Stockholm under the symbol MIC. In 2015, Millicom
generated revenue of USD 6.73 billion and Adjusted EBITDA of USD
2.27 billion.
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MillicomPress EnquiriesTabitha Aldrich-Smith, Interim
Communications DirectorTel: +352 277 59084 (Luxembourg) / +44 7971
919 610 / press@millicom.comorInvestor RelationsNicolas Didio,
Director, Head of Investor RelationsTel: +352 277 59125
(Luxembourg) / +44 203 249 2220 / investors@millicom.com
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