Millicom International Cellular SA (TIGO) has released an update.
Millicom International Cellular S.A. has announced the extension of consent solicitations for amending provisions in the indentures governing various series of their Senior Notes, in connection with an anticipated acquisition that would lead to a change of control. The amendments aim to prevent a ‘Change of Control Triggering Event’ which would otherwise obligate Millicom to offer to repurchase the notes. Noteholders who consent to the amendments by the extended deadline will receive a cash payment as a consent fee, with the amendments binding all holders regardless of consent.
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