Millicom Issues 10-year Corporate Bond, Completes Tender Offer and Satisfies Redemption Condition

LUXEMBOURG, September 20, 2017 /PRNewswire/ --

Millicom International Cellular S.A. ("Millicom") today announces that it has successfully issued a $500 million bond at par with a fixed coupon of 5.125%.  The bond will be listed in Luxembourg.

Millicom has applied the proceeds from the bond to purchase all of the following debt securities (the "Notes") in a tender offer that was described in Millicom's 11 September and 18 September press releases (the "Tender Offer").

Millicom intends to use the remaining bond proceeds, plus cash on hand, to redeem all Notes that remain outstanding pursuant to the Conditional Redemption Notice that was delivered on 11 September 2017, and confirms that the condition described in the Conditional Redemption Notice has now been satisfied.

The security identification codes for the new bond are: CUSIP numbers 600814AN7 and L6388GAB6, ISIN codes US600814AN71 and USL6388GAB60, and Common Codes 168724179 and 168724438.

The Tender Offer was made on the terms and subject to the conditions set forth in the Tender Offer Memorandum dated 11 September 2017 (capitalized terms used in this announcement without definition have the meanings specified in the Tender Offer Memorandum).

This press release is qualified in its entirety by the Tender Offer Memorandum. This press release will also be posted on the website of the Luxembourg Stock Exchange.

This press release is for information purposes only and does not constitute an offer to purchase nor the solicitation of an offer to sell any of the securities described herein nor shall there be any offer or sale of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Tender Offer was made pursuant to the Tender Offer Memorandum, which sets forth the complete terms and conditions of the Tender Offer. Capitalized terms used in this announcement and not otherwise defined have the meanings ascribed to them in the Tender Offer Memorandum.

Certain statements in this press release, including those describing the completion of the Redemption, constitute forward-looking statements. These statements are not historical facts but instead represent only Millicom's belief regarding future events, many of which, by their nature, are inherently uncertain and outside Millicom's control. It is possible that actual results will differ, possibly materially, from the anticipated results indicated in these statements.

For more information please contact:

Press:
Vivian Kobeh, Corporate Communications Director
Tel: +1-305-476-7352 / +1-305-302-2858 / [email protected]

Investors:
Michel Morin, +352-277-59094
Mauricio Pinzon, Tel: +44-20-3249-2460 / [email protected]

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SOURCE Millicom International Cellular