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General

Millicom to issue USD 500 mln in senior notes for Cable Onda buy

Friday 12 October 2018 | 15:23 CET | News
Millicom International Cellular has announced the pricing of USD 500 million in 6.625 percent senior notes due 2026 ahead of their scheduled issue on 16 October. The company said it intends to use the net proceeds of the notes to finance, in part, the acquisition of Panamanian cable provider Cable Onda. Earlier this week Millicom said it had agreed to buy a controlling 80 percent stake in Cable Onda for a cash consideration of around USD 1.002 billion and that it intended to fund the investment with existing cash resources and new debt.

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Categories: General
Companies: Cable Onda / Millicom
Countries: Latin America
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