Millicom gets USD 600m revolving credit facility

Millicom International Cellular SA has entered Into a 5-year USD 600m revolving credit facility with a group of international and regional banks, the company said.

The successful syndication, which targeted new banks as well as existing relationship banks, resulted in an oversubscription.

This facility will be used to refinance the company´s existing dual-tranche USD 500m revolving credit facility dated 4 June 2014 and for general corporate purposes.

BGL BNP Paribas, Citi, DNB and Scotiabank acted as coordinators and bookrunning mandated lead arrangers. Furthermore, Bank of China, Goldman Sachs and JP Morgan joined as mandated lead arrangers, together with Barclays, BBVA, ICBC, and Nordea joining as lead arrangers. standard bank and standard chartered joined the facility as arrangers.