Millicom completes issuance of 4.500% $500 million senior notes due 2031 and confirms redemption of 6.0% senior notes due 2025

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(PageOne) – Millicom completes issuance of 4.500% $500 million senior notes due 2031 and confirms redemption of 6.0% senior notes due 2025
Luxembourg, October 27, 2020 – Millicom International Cellular S.A. (“Millicom”) today completed the issuance of its 4.500% $500 million senior notes due 2031 (the “Notes”) in a private offering (the “Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).

Upon completion of the Offering, Millicom has notified holders of its 6.0% senior notes due 2025 (the “2025 Notes”) that all conditions precedent for the redemption of the 2025 Notes have been satisfied. Pursuant to the notice of redemption delivered on October 19, 2020, the 2025 Notes will be redeemed on October 29, 2020 (the “Redemption Date”) at a redemption price equal to 103% of the principal amount of the 2025 Notes redeemed, plus accrued and unpaid interest and Additional Amounts (if any) to, but excluding, the Redemption Date.

Millicom intends to use the net proceeds from the Notes, along with existing cash on balance sheet, to redeem the full aggregate principal amount of its 2025 Notes.

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