Millicom announces a consent solicitation for its SEK bond

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Mar 6, 2015 at 2:15 AM

Stockholm, 6 March, 2015 – Millicom (Stockholmsbörsen: MIC) is soliciting consent from the holders of its SEK bond to amend certain terms and conditions. In order to conform the covenants in its SEK bond relating to the incurrence of financial indebtedness to the corresponding restrictions in certain of Millicom's other credit facilities, Millicom International Cellular S.A. has called a noteholders' meeting to be held on 17 March 2015 to amend certain terms and conditions of its SEK bond. The meeting notice is held available by the agent CorpNordic Sweden AB on its web page, www.corpnordic.com . Subject to satisfaction of the conditions as set out in the meeting notice, Millicom will pay a consent fee and an implementation fee to noteholders eligible to receive such fees if the proposed amendments to the terms and conditions of the SEK bond are approved at the noteholders' meeting. The consent fee will be an amount equal to SEK 2.00 per SEK 1,000 principal amount of the notes and will be calculated on the principal amount which the relevant noteholder has voted in favor of the amendment. The implementation fee will be an amount equal to SEK 0.50 per SEK 1,000 principal amount of the notes and will be calculated on the principal amount held by the relevant noteholder on 17 March 2015. Information about voting requirements, important dates for the consent solicitation and further information about the fees is available in the meeting notice. Any person with questions regarding the consent solicitation should contact the agent CorpNordic Sweden AB, Anna Litewka at +46 8 402 72 11, trustee@corpnordic.com or Millicom (contacts hereafter). This announcement does not describe all of the material terms of the consent solicitation and must be read in conjunction with the meeting notice. This announcement does not contain, constitute or form a part of any offer or solicitation to purchase, subscribe or otherwise trade in notes or other securities in Millicom International Cellular S.A. This announcement may not be released, published or distributed, directly or indirectly, in or into Australia, Hong Kong, Japan, Canada, Singapore, South Africa, the United States or any other jurisdiction in which such action would be unlawful, wholly or partially subject to legal restrictions, or where such action would require additional prospectuses, registrations or other actions in addition to what is required by Swedish law. Nor may the information in this announcement be forwarded, reproduced or disclosed in a manner that contravenes such restrictions or would entail such requirements. Failure to comply with this instruction may result in a violation of applicable securities laws. For more information please contact: Press Enquiries: Julian Eccles, VP Corporate Communications Tel: +352 277 59084 (Luxembourg) / +44 7720 409 374 press@millicom.com Investor Enquiries: Investor Relations Nicolas Didio, Director, Head of Investor Relations Tel: +352 277 59125 (Luxembourg) / +44 203 249 2220 investors@millicom.com About Millicom Millicom is a leading telecommunications and media company dedicated to emerging markets in Latin America and Africa. Millicom sets the pace when it comes to providing innovative and customer-centric digital lifestyle services to the world’s emerging markets. The Millicom Group employs more than 16,000 people and provides mobile, cable and satellite services to over 56 million customers. Founded in 1990, Millicom International Cellular SA is headquartered in Luxembourg and listed on NASDAQ OMX Stockholm under the symbol MIC. In 2014, Millicom generated revenue of $6.4 billion and EBITDA of $2.1 billion.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

MoreBetter's Therapy Co-Investment: A Big Bet on Patient Data

Diving Into Uncharted Waters with Bold Moves MoreBetter is stepping right into the murky, unpredictable world of longevity, peptide, and psychedelic therapies with a fresh initiative—the RWE Co-Investment Program. This isn't your run-of-the-mill study announcement; it's a gutsy leap into largely unexplored areas of patient-reported outcomes and real-world evidence. A...

Jill De Forest Honored: A Journey Through Recruitment

A Force in Recruitment: Jill De Forest There's a name that reverberates through the corridors of executive search and recruitment: Jill De Forest. Recognized by The Inner Circle as the Pinnacle Professional of The Year, De Forest has left a profound mark on the industry with her knack for matching exceptional talent to major brands. Trailblazing through Executive Search...

Longevity Tour Hits East Coast: Brecka's Mission

Bringing Longevity to the East Coast This weekend, something interesting is happening on the East Coast of the U.S. Gary Brecka and his Ultimate Longevity Center (ULC) are holding a series of events in Philadelphia, New York, and Boston. Everything kicks off on November 14th. If the idea of 'live longevity' leaves you scratching your head, don’t worry—I've got you...

Solar Cooking Revolution: InventHelp's Latest Innovation

A Bright Idea Shines with Solar Cooking Some days, you stumble across an idea that just seems destined to shake things up, and COOK SOL SOLAR POWER COOKER might just be one of those spark plugs ready to ignite the world of outdoor cooking. Invented by a plucky thinker from Florence, South Carolina, this little gadget isn't just about frying up eggs on a camping trip. Nah,...

MemryX AI's MX3+ Chip: A Game Changer For AI Workloads

A New Benchmark in AI Acceleration Out of Ann Arbor, MemryX AI has thrown its hat into the ring with the latest in AI hardware wizardry—the MX3+ chip. Now this beige wonder promises to rev things up in the world of AI, boasting a tenfold increase in peak AI compute and upping the memory stakes by the same factor. All while sipping power like a polite fly at a soda...

OptiMantra's AI Scribe: Transforming Clinic Workflows

Cutting Through the Noise: AI Scribe's Pragmatic Impact OptiMantra's fresh launch of AI Scribe isn't just another gadget on the shelf—it's gunning for the throat of that time-sucking monster called after-hours charting. You'd think clinic management would be about patients first, right? But turns out, the devil's in the details, with docs burning midnight oil drafting...

Clarivate's IPOne Revolutionizes AI for IP Pros

A New Dawn for IP Intelligence: Clarivate's Strategic Move Seems like Clarivate's out to shake things up in the IP world. Today, they've announced that their coveted patent and litigation intelligence is now seamlessly integrated with AI workflows on Claude through IPOne. For those not neck-deep in patents and trademarks every day, let’s break it down. This means IP...

Ascletis Targets Obesity with New FDA Submission

Breaking Ground with Innovative Obesity Treatment In the world of biotech, where breakthroughs are hard-fought and the stakes can seem insurmountable, Ascletis Pharma is swinging for the fences with their latest maneuver. They've submitted an Investigational New Drug application to the U.S. Food and Drug Administration for ASC30_39 FDC—a pioneering fixed-dose combo pill...

Contract Workers Gain Traction in Workforce Planning

Contract Workers: The New Normal Ever feel like we're on a merry-go-round when it comes to workforce planning? Well, buckle up folks, because contract workers are becoming the mainstay of staffing strategies. According to a recent survey, 71% of U.S. companies are not just dabbling, but fully integrating these workers into their plans. That's a seismic shift from just a...

Goranson Bain Ausley Welcomes Marichalar: Family Law Focus

Strengthening San Antonio's Family Law Field Brenda Marichalar is joining the ranks at Goranson Bain Ausley (GBA) with a reputation built on solid courtroom chops and a knack for making clients feel like they’re more than just case numbers. She’s landing right in San Antonio, a region that’s not just about the riverwalks and missions, but about real families...