Millicom International completes partial tender offer on a bond.
M2 EQUITYBITES-April 15, 2014-Millicom International completes partial tender offer on a bond
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Millicom International Cellular (STO: MIC), an international telecommunications and media company, today announced the completion of a partial tender offer on the 2017 bond issued by its subsidiary in El Salvador.
According to the company, it has successfully completed a partial cash tender offer, USD139m of aggregate principal out of a principal amount outstanding of USD450m, of the 2017 bond issued by Telemovil Finance Co Ltd in October 2010.
Reportedly, this transaction is aimed at improving the balance sheet efficiency.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Apr 15, 2014|
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