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TIGO PARAGUAY ANNOUNCES EARLY TENDER RESULTS AND EARLY SETTLEMENT DATE AND EXTENSION OF TOTAL CONSIDERATION
TIGO PARAGUAY ANNOUNCES EARLY TENDER RESULTS AND EARLY SETTLEMENT DATE AND EXTENSION OF TOTAL CONSIDERATION Tigo Paraguay announces early tender results,
About this update from Millicom International Cellular S.a.
[{"type":"text","content":"TIGO PARAGUAY ANNOUNCES EARLY TENDER RESULTS AND EARLY SETTLEMENT DATE AND EXTENSION OF TOTAL CONSIDERATION Tigo Paraguay announces early tender results, early settlement and amendment to the Tender Offer to purchase up to U.S. $55,000,000 in aggregate principal amount of its 5.875% senior notes due 2027 PARAGUAY, November 20, 2022 – Telefónica Celular del Paraguay S.A.E. (“Telecel”) announced today (i) the early tender results of its previously announced tender offer to purchase for cash (the “Tender Offer”) up to U.S. $55 million in aggregate principal amount (the “Maximum Amount”) of its 5.875% Senior Notes due 2027 (the “Notes”), (ii) the Early Settlement Date (as defined below) and (iii) amendments to the Tender Offer. The Tender Offer is being made pursuant to the terms of an Offer to Purchase dated November 4, 2022 (as amended hereby and as may be amended or supplemented from time to time, the “Offer to Purchase”), and is subject to certain conditions described therein. Capitalized terms used in this press release but not otherwise defined shall have the same meaning as the one ascribed in the Offer to Purchase. Details of the Tender Offer Telecel has been advised by D.F. King & Co., Inc., as information agent and tender agent, that as of 5:00 p.m., New York City time, on November 18, 2022 (“Early Tender Time”), U.S. $47.019 million aggregate principal amount of the Notes had been validly tendered and not validly withdrawn at or prior to the Early Tender Time. The consideration for each U.S. $1,000 principal amount of Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Time and accepted for purchase pursuant to the Tender Offer (the “Total Consideration”) will equal U.S. $927.50. The Total Consideration includes an early tender payment (the “Early Tender Payment”) equal to U.S. $30.00 per U.S. $1,000 principal amount of such Notes. Holders whose Notes are accepted for purchase in the Tender Offer will also receive accrued and unpaid interest on such Notes from the last interest payment date up to, but not including, the Early Settlement Date. Pursuant to the Offer to Purchase, and subject to the terms and conditions of the Tender Offer set forth therein, Telecel intends to accept for purchase all U.S.$ 47.019 million aggregate principal amount of the Notes validly tendered (and not validly w...