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Millicom (Tigo) announces a Tender Offer by Tigo Paraguay to purchase up to U.S. $55,000,000 in aggregate principal amount of Telecel’s 5.875% senior notes due 2027
MILLICOM (TIGO) ANNOUNCES DEBT TENDER OFFER BY TIGO PARAGUAY Millicom announces a Tender Offer by Tigo Paraguay to purchase up to U.S. $55,000,000 in
About this update from Millicom International Cellular S.a.
[{"type":"text","content":"MILLICOM (TIGO) ANNOUNCES DEBT TENDER OFFER BY TIGO PARAGUAY Millicom announces a Tender Offer by Tigo Paraguay to purchase up to U.S. $55,000,000 in aggregate principal amount of Telecel’s 5.875% senior notes due 2027 LUXEMBOURG, Nov 4, 10.40p ET / Nov 5, 3.40a CET – Millicom announced today that its Paraguayan operation, Telefónica Celular del Paraguay S.A.E. (“Telecel”), has commenced a tender offer to purchase for cash (the “Tender Offer”) up to U.S. $55 million in aggregate principal amount of its 5.875% Senior Notes due 2027 (the “Notes”) (such amount, as may be modified by Telecel in its sole discretion, the “Maximum Amount”). The Tender Offer is being made pursuant to the terms of an Offer to Purchase dated November 4, 2022 (as may be amended or supplemented from time to time, the “Offer to Purchase”), and is subject to certain conditions described therein. Timetable for the Tender Offer Commencement of the Tender Offer: November 4, 2022Early Tender Time: 5:00 p.m. NYT on November 18, 2022Withdrawal Deadline: 5:00 p.m. NYT on November 18, 2022Expiration Time: 11:59 p.m. NYT on December 5, 2022Final Payment Date: Expected on December 6, 2022 Purpose of the Tender Offer The purpose of the Tender Offer is to purchase outstanding debt issued or assumed by Millicom or issued by a subsidiary issuer and to reduce Millicom’s consolidated debt consistent with the company’s previously announced plans. Title of Securities Outstanding Principal Amount Tender Offer Consideration(1) Early Tender Payment(1)(2) Total Consideration(1)(3) 5.875% Senior Notes due 2027 (CUSIP/ISIN: 87936V AB3 / US87936VAB36 (Rule 144A); P90475 AB3 / USP90475AB31 (Reg S)) U.S.$550,000,000.00 U.S.$897.50 U.S.$30.00 U.S.$927.50 (1) Consideration in the form of cash per U.S.$1,000 principal amount of Notes that are validly tendered (and not validly withdrawn). Excludes Accrued Interest, if any, which will be paid in addition to the Tender Offer Consideration or Total Consideration, as applicable. (2) The Early Tender Payment will be payable to Holders who validly tender (and do not validly withdraw) their Notes on or prior to the Early Tender Time. (3) Includes the Early Tender Payment for Notes validly tendered (and not validly withdrawn) on or prior to the Early Tender Time Details of the Tender Offer The Tender Offer expires at 11:59 p.m., New York City time...