Millicom has made a tender offer on the terms and subject to the conditions set forth in the Tender Offer Memorandum dated 11 September 2017.
Separately, Millicom today issued a Conditional Notice of Redemption in respect of all Notes that remain outstanding on 15 October 2017.
In addition, Millicom separately announced today that it intends to offer new senior notes. Completion of the Tender Offer and the Redemption are subject to the successful issuance of the New Notes, as well as certain other conditions as set out in the Tender Offer Memorandum. The purpose of the Tender Offer and the Redemption is to acquire all of the Notes, provided that the Financing Condition is satisfied, which will be funded principally by the issuance of the New Notes.
Millicom may fund a portion of the Tender Offer with available cash. Millicom will cancel and delist any Notes accepted for purchase pursuant to the Tender Offer and the Redemption. The Tender Offer will expire at 5:00 pm New York time (NYT) on 15 September 2017.
Noteholders must validly tender (and not withdraw) their Notes on or before Expiration Deadline to participate in the Tender Offer. Noteholders may tender their Notes after the Expiration Deadline only pursuant to the guaranteed delivery procedures described in the Tender Offer Memorandum. Noteholders may withdraw their tendered Notes until the Expiration Deadline.
The purchase consideration per $1,000 principal amount of the Notes accepted for purchase in the Tender Offer is the sum of the Purchase Price and accrued and unpaid interest to (but excluding) the settlement date of the Tender Offer.
Provided that all conditions to the Tender Offer described in the Tender Offer Memorandum have been satisfied or waived to Millicom’s satisfaction, Millicom may elect to accept and pay for those Notes validly tendered on or before the Expiration Date (or pursuant to the guaranteed delivery procedures described in the Tender Offer Memorandum) on or about the third business day following the Expiration Date, which is expected to be on or about 20 September 2017.