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General

Millicom closes USD 300 mln loan in Colombia

Friday 23 June 2017 | 09:27 CET | News
Luxembourg-based Millicom has announced that its subsidiary Colombia Movil, operating under the Tigo-UNE brand, closed a USD 300 million syndicated loan. The loan, denominated in US dollars, carries an interest rate of 250 basis points over LIBOR and has an average maturity of 4.5 years. Proceeds will be used to repay an inter-company loan from Millicom, which in turn plans to use the funds to reduce holding company debt and for general corporate purposes.

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Categories: General
Companies: Millicom / Tigo
Countries: Colombia
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