Millicom (Tigo) subsidiary Telefónica Celular del Paraguay S.A.E. announces its intent to redeem in full Senior Notes due 2027

Millicom (TIGO) subsidiary Telefónica Celular del Paraguay S.A.E (Telecel Paraguay) intends to redeem in full its 5.875% Senior Unsecured Notes due 2027 on April 29, 2026.

Rhea-AI Summary

Millicom (TIGO) subsidiary Telefónica Celular del Paraguay S.A.E (Telecel Paraguay) intends to redeem in full its 5.875% Senior Unsecured Notes due 2027 on April 29, 2026. The aggregate principal amount to be redeemed is $139,712,000, representing all outstanding Notes as of April 17, 2026.

The Notes will be redeemed at 100% of principal plus accrued and unpaid interest and Additional Amounts (if any) to, but excluding, the Redemption Date. A formal notice of redemption will be sent to holders under the terms of the indenture.

Positive

• Full redemption of $139,712,000 5.875% notes due 2027
• Redemption price at 100% of principal plus accrued interest
• Redemption date set for April 29, 2026

Negative

• Immediate cash outflow totaling $139,712,000
• Redemption may reduce near-term liquidity on or before April 29, 2026

Argus Apr 17 session

-0.59% close to close Open Argus

Details

News Market Reaction – TIGO

In the Apr 17 session, TIGO declined 0.59%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details the full redemption of $139,712,000 in 5.875% Senior Unsecured Notes due 2...

Analysis

This announcement details the full redemption of $139,712,000 in 5.875% Senior Unsecured Notes due 2027 by Telecel Paraguay on April 29, 2026 at 100% of principal plus accrued interest. It follows other recent balance-sheet and strategic actions, including new note issuances and partnership deals. Investors may track future disclosures on leverage, funding costs, and cash deployment to understand how this redemption fits Millicom’s broader capital-structure strategy.

Key Figures

Aggregate principal: $139,712,000 Coupon rate: 5.875% Redemption price: 100% of principal +2 more

Aggregate principal

$139,712,000

Telecel Paraguay 5.875% Senior Unsecured Notes due 2027 to be redeemed in full

Coupon rate

5.875%

Senior Unsecured Notes due 2027

Redemption price

100% of principal

Plus accrued and unpaid interest and Additional Amounts if any

Redemption date

April 29, 2026

Scheduled date for full note redemption

Maturity year

2027

Original maturity of Senior Unsecured Notes being redeemed

Historical Context

5 past events · Latest: Apr 14

5 events

1. Apr 14

   Debt reopening upsized

   24h Move

   -3.4%

   Completed upsized $87.5M reopening of 7.375% Senior Notes due 2032.

2. Apr 13

   Sports content deal

   24h Move

   +0.1%

   FOX Latin America to acquire Tigo Sports assets and expand events offering.

3. Apr 10

   Network capacity deal

   24h Move

   +0.3%

   Long-term agreement for TAM-1 subsea access to boost regional connectivity.

4. Apr 01

   Debt reopening priced

   24h Move

   +3.6%

   Priced $75M reopening of 7.375% Senior Notes due 2032 for general purposes.

5. Mar 25

   AGM and dividend plan

   24h Move

   -4.7%

   AGM call including USD 3 per share dividend and buyback plan.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

senior unsecured notes, indenture, redemption price, notice of redemption

4 terms

senior unsecured notes financial

"its 5.875% Senior Unsecured Notes due 2027 (the “Notes”)"

Senior unsecured notes are a type of loan a company borrows from investors, promising to pay back with interest. They are called "unsecured" because they aren’t backed by specific assets like buildings or equipment, but "senior" because they are paid back before other debts if the company gets into trouble. Investors see them as a relatively safer way for companies to raise money.

indenture regulatory

"in accordance with the requirements of the indenture governing the Notes"

An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.

redemption price financial

"the Notes will be redeemed at a redemption price equal to 100% of the principal"

The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.

notice of redemption regulatory

"A notice of redemption will be sent to the holders of the Notes"

A notice of redemption is a formal announcement from a bond or preferred-stock issuer that it will repay and retire those securities on a specified date and at a specified price, telling holders which issues will be called and when. It matters to investors because it changes the timing and amount of expected cash flows—like a store buying back a gift card early, you get your money sooner but may lose future income and must find a new place to reinvest.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Millicom (Tigo) subsidiary Telefónica Celular del Paraguay S.A.E. announces its intent to redeem in full Senior Notes due 2027

Luxembourg, April 17, 2026 – Millicom’s subsidiary Telefónica Celular del Paraguay S.A.E (“Telecel Paraguay”) today announces its intent to redeem on April 29, 2026 (the “Redemption Date”), $139,712,000 aggregate principal amount of its 5.875% Senior Unsecured Notes due 2027 (the “Notes”), which represents all of the outstanding Notes as of the date hereof. A notice of redemption will be sent to the holders of the Notes in accordance with the requirements of the indenture governing the Notes (the “Indenture”). Pursuant to the terms of the Indenture, the Notes will be redeemed at a redemption price equal to 100% of the principal amount of the Notes redeemed, plus accrued and unpaid interest and Additional Amounts (if any) to, but excluding, the Redemption Date.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any security nor a notice of redemption under the Indenture and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

                                                                                                  -END-

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Millicom (TIGO) announcing about the 5.875% Senior Notes due 2027?

The company plans to redeem all outstanding 5.875% Senior Unsecured Notes due 2027 on April 29, 2026. According to the company, the aggregate principal to be redeemed is $139,712,000, representing all outstanding Notes as of April 17, 2026.

How much will Millicom (TIGO) pay to redeem the 2027 notes on April 29, 2026?

Millicom will redeem the notes at 100% of principal plus accrued and unpaid interest and Additional Amounts, if any. According to the company, that applies to the $139,712,000 aggregate principal amount outstanding.

When will Millicom (TIGO) send the formal notice of redemption for the 2027 notes?

A notice of redemption will be sent to holders in accordance with the indenture requirements. According to the company, the notice will follow standard indenture procedures ahead of the April 29, 2026 Redemption Date.

Does the Millicom (TIGO) announcement affect all outstanding 2027 notes?

Yes, the intent is to redeem all outstanding 5.875% Senior Unsecured Notes due 2027 in full. According to the company, the amount represents the entire outstanding principal as of April 17, 2026.

What immediate financial impact should investors expect from the TIGO note redemption?

Investors should expect a company cash outflow equal to the $139,712,000 principal plus accrued interest on redemption. According to the company, this payment will occur on the Redemption Date, April 29, 2026.