Jones Day advised Millicom International Cellular S.A. on the deal. Allen & Overy advised the banks
Millicom International Cellular S.A. obtained a 5-year, $600 million revolving credit facility (the “Facility”) with a syndicate of 11 commercial banks.The Facility includes provisions that incentivize Millicom and certain of its operating subsidiaries in Latin America to meet predetermined sustainability targets. The Facility is the first ESG-linked facility for Millicom and its subsidiaries and is among the first commercial bank facilities in Latin America to incorporate sustainability-linked pricing. The Facility will replace Millicom’s existing English law-governed multi-currency revolving credit facility.
Millicom International Cellular S.A. is a dedicated emerging markets telecom provider with mobile operations in numerous countries in Central America, South America and Africa. The Company also offers various combinations of fixed broadband and cable TV services in multiple countries in Central America.
The Jones Day team was led by Fradyn Suárez (Picture) and includes Juan Huertas (New York), Jessica Mendoza (Miami), and Michael Shammo (Miami).
Allen & Overy advised The Bank of Nova Scotia, BGL BNP Paribas, BNP Paribas, DNB Bank ASA with Todd Koretzky, Daniel Resnick and Eric Olsen.