EM-focused Millicom (Tigo) to repay loans due 2026 via new notes

By Marisa Wong

Los Angeles, March 25 – Millicom International Cellular SA plans to repay debt outstanding under its DNB loans using proceeds from an offering of new notes due 2032, according to a press release.

The DNB loans consist of a $100 million unsecured credit agreement due 2026 with DNB Sweden AB as administrative agent and initial lender and a $100 million unsecured credit agreement of subsidiary Telemovil El Salvador due 2026, with the subsidiary as borrower and the parent as guarantor, with DNB Sweden as administrative agent and initial lender.

Millicom (Tigo) is a Luxembourg-based provider of cable and mobile services to customers in Latin America and Africa.

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