Milbank LLP advised the global coordinators and initial purchasers in connection with a $450 million Rule 144A/Regulation S offering of senior unsecured notes due 2032 by Millicom International Cellular SA.
Millicom is a leading provider of cable and mobile services focused on emerging markets that renders a wide range of telecommunications and digital infrastructure services in nine Latin American countries. Millicom is headquartered in Luxembourg and listed on the NASDAQ Stock Market (NASDAQ: TIGO) and the Stockholm Stock Exchange.
The Milbank deal team was led by Corporate Finance and Securities partner Carlos T. Albarracín with associates Gonzalo Guitart and Fernando Quezada, international attorney Pamela Molina and law clerk Stephan Llerena.
Mr. Albarracín said, “We are delighted to have represented the initial purchasers in this important transaction, which marks the return of Millicom to the international debt capital markets after a five-year hiatus. In recent years, Millicom has successfully expanded and diversified its business in Latin America, one of the world’s fastest-growing telecommunications and digital infrastructure markets. The success of this offering is a testament to strong investor confidence in their business model.”
