Millicom completes upsized reopening of $87.5 million of 7.375% Senior Notes Due 2032
Rhea-AI Summary
Millicom (NASDAQ: TIGO) completed an $87.5 million reopening of its 7.375% Senior Notes due 2032 in a Regulation S private placement to Banco General on April 14, 2026, up from an original $75 million offering priced April 1, 2026.
The company intends to use net proceeds for general corporate purposes, including capital expenditures and mergers and acquisitions, and has applied to list the Additional Notes on the Luxembourg Stock Exchange Euro MTF market.
Positive
- Upsized offering to $87.5M from $75M originally priced on April 1, 2026
- 7.375% Senior Notes due 2032 issued to Banco General
- Planned listing application to Luxembourg Stock Exchange Euro MTF market
- Proceeds earmarked for general corporate purposes, including capex and M&A
Negative
- Fixed interest obligation of 7.375% on $87.5M extends company debt to 2032
- Offered only outside U.S. under Regulation S; Notes not registered under the U.S. Securities Act
News Market Reaction – TIGO
In the Apr 15 session, TIGO declined 3.36%, reflecting a moderate negative market reaction. Our momentum scanner triggered 13 alerts that day, indicating notable trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 13 | Sports content deal | Positive | +0.1% | FOX Latin America expands and enhances Tigo Sports programming across six countries. |
| Apr 10 | Network capacity deal | Positive | +0.3% | Long-term agreement for TAM-1 subsea access boosts regional capacity and resilience. |
| Apr 01 | Notes reopening priced | Positive | +3.6% | Priced $75M reopening of 7.375% 2032 notes for general corporate purposes. |
| Mar 25 | AGM and capital return | Positive | -4.7% | AGM call with 2025 accounts, USD 3 dividend and share repurchase plan. |
| Mar 24 | Annual report results | Positive | +2.5% | Record $5.8B revenue and $1.3B net profit with regional expansion. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news, including financing and strategic agreements, has more often been followed by positive price reactions than by declines.
Over recent months, Millicom has reported record 2025 financial results, a planned USD 3 per share dividend, and multiple strategic initiatives in Latin America. A $75 million senior notes reopening on April 1, 2026 and connectivity and sports-content partnerships have generally coincided with positive single‑day moves, while the AGM notice saw a one‑day decline. Today’s upsized reopening of $87.5 million of 7.375% Senior Notes due 2032 fits into this ongoing funding and expansion narrative.
Key Terms
senior notes financial
regulation s regulatory
private placement financial
securities act regulatory
inside information regulatory
forward-looking statements regulatory
safe harbor regulatory
euro mtf market financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Millicom completes upsized reopening of
2032
Luxembourg, April 14, 2026 – Millicom International Cellular S.A. (“Millicom”) (NASDAQ US (TIGO)) today completed an
Millicom intends to use the net proceeds of the Additional Notes for general corporate purposes, which may include capital expenditures and mergers and acquisitions.
Application has been made for the Additional Notes to be admitted to listing and trading on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Euro MTF market thereof.
The Additional Notes have been offered outside the United States, only to non-U.S. investors pursuant to Regulation S. The Notes will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Important Information
This press release may constitute a public disclosure of inside information by Millicom under Regulation (EU) 596/2014, as subsequently amended, and any relevant implementing rules and regulations.
Certain statements included within this press release are “forward-looking statements” within the meaning of the U.S. federal securities laws intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Millicom’s intentions, beliefs or current expectations and include, but are not limited to, all statements other than statements of historical facts, including, without limitation, those regarding Millicom’s strategy, plans, objectives, goals and targets, including those related to the use of proceeds of the institutional private placement. Millicom’s ability to achieve its projected results is dependent on many factors which are outside management’s control. Actual results may differ materially from (and be more negative than) those projected or implied in the forward-looking statements. Such forward-looking information involves risks and uncertainties that could significantly affect expected results and is based on certain key assumptions. Accordingly, no assurance can be given that any particular expectation will be met and reliance should not be placed on any forward-looking statement. Additionally, forward-looking statements regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. All forward-looking statements included herein are based on information available to Millicom as of the date hereof and the delivery of this document does not imply that the information contained herein is correct as at any time subsequent to the date hereof. Millicom undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law. All subsequent written and oral forward-looking statements attributable to Millicom or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements.
For further information, please contact:
| Press: Sofía Corral, Director Corporate Communications press@millicom.com | Investors: Luca Pfeifer, VP for Investor Relations investors@millicom.com |
About Millicom
Millicom (NASDAQ: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America. Through its TIGO® and Tigo Business® brands, the company provides a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, highspeed data, voice, and business-to-business solutions such as cloud and security. As of December 31, 2025, Millicom, including its Honduras Joint Venture, employed approximately 15,000 people and provided mobile and fiber-cable services through its digital highways to approximately 52 million customers, with a fiber-cable footprint over 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg with principal executive offices in Doral, Florida.
