Millicom SA will be redeeming all of the aggregate principal amounts of its outstanding 4.750% Senior Notes due 2020.
According to the company’s filing, the redemption date for the Notes will be August 1, 2017, and the record date will be one Business Day prior to the Redemption.
The redemption price is 102.375% of the principal amount of the Notes, plus accrued and unpaid interest and Additional Amounts, if any, to, but not including, the Redemption Date. The aggregate redemption amount for the Notes is expected to be $352,743,063.40 which comprises (i) 102.375% of the principal amount of $341,524,000, amounting to $349,635,195, plus (ii) accrued and unpaid interest and Additional Amounts, if any, to, but not including, the Redemption Date occurring on August 1, 2017, amounting to $3,107,868.40.
The company disclosed that the paying agent for the notes are Citibank, N.A., London Branch, Citigroup Centre, Canada
Square, Canary Wharf, London E14 5LB, United Kingdom.
Millicom is a provider of cable and mobile services dedicated to emerging markets in Latin America and Africa with brands such as principal brand, Tigo.
Millicom employs about 18,000 people and provides mobile services to more than 57 million customers, with a Cable footprint of more than 8.1 million homes passed. Founded in 1990, Millicom International Cellular SA is headquartered in Luxembourg and listed on NASDAQ OMX Stockholm under the symbol MIC. In 2016, Millicom generated revenue of USD 6.25 billion and EBITDA of USD 2.17 billion.
