#Millicom #Tigo #announces #takeover #bid #Tigo #Paraguay
MILLICOM (TIGO) ANNOUNCES OFFERING DEBT OBLIGATIONS OF TIGO PARAGUAY
Millicom announces an offer from Tigo Paraguay to purchase up to US$55,000,000 in aggregate principal amount of Telecel’s 5.875% Senior Notes due 2027
LUXEMBOURG, November 4 10:40 PM ET / November 5 3:40 AM ET – Millicom announced today that its Paraguayan operation, Telefónica Celular del Paraguay SAE (“Telecel”), has launched a tender offer to purchase for cash (the “Tender Offer”) in aggregate principal amount of up to $55 million from its 5.875% senior has Notes due 2027 (the “Notes”) (the amount, which may be changed by Telecel in its sole discretion, the “Maximum Amount”). The tender offer is being made pursuant to the terms of a tender offer dated November 4, 2022 (as amended or supplemented from time to time, the “Tender Offer”) and is subject to certain conditions described therein.
Schedule for the Takeover Offer
- Start of the tender offer: November 4, 2022
- Read on GNW: Millicom (Tigo) announces a takeover bid from Tigo Paraguay
