Millicom International Cellular $600 million revolving credit facility

Overview:

• Millicom International Cellular has taken out a new $600 million revolving credit facility.
• BNP Paribas, Citibank, DNB Bank and Scotiabank acted as coordinators and mandated lead arrangers along with Bank of China, Goldman Sachs and JPMorgan as mandated lead arrangers, Barclays, BBVA, ICBC, and Nordea as lead arrangers and Standard Bank and Standard Chartered as arrangers.
• The funds will be used to refinance an existing $500 million dual tranche revolving facility and for general corporate purposes.
• Millicom is an telecommunications and media company active across Africa and Latin America that operates the Tigo mobile brand.

Sam Duke - Editor