Telecel Paraguay (NASDAQ: TIGO) plans $150M 2027 note redemption

Rhea-AI Filing Summary

Millicom International Cellular’s subsidiary Telefónica Celular del Paraguay S.A.E. (Telecel Paraguay) plans to partially redeem $150,000,000 of its 5.875% Senior Unsecured Notes due 2027. The redemption is scheduled for September 15, 2025 at 100% of principal, plus accrued and unpaid interest and any Additional Amounts.

Insights

Credit and capital structure analyst

Telecel Paraguay plans a $150M partial redemption of 5.875% 2027 notes.

Telecel Paraguay, a wholly owned subsidiary of Millicom, intends to redeem $150,000,000 of its 5.875% Senior Unsecured Notes due 2027. The redemption will occur on September 15, 2025, following a notice process under the governing indenture.

The notes will be redeemed at a price equal to 100% of the principal amount being redeemed, plus accrued and unpaid interest and any Additional Amounts up to, but excluding, the redemption date. This is described as a partial redemption, rather than a full retirement of the series.

The move reduces this specific 2027 debt exposure for Telecel Paraguay and fixes the payout terms at par plus accrued interest, as allowed under the indenture. Future disclosures in company communications or filings may provide more detail on remaining note balances or any related financing steps.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

For the month of September, 2025.

_____________________ 

Commission File Number: 001-38763

MILLICOM INTERNATIONAL CELLULAR S.A.

(Exact Name of Registrant as Specified in Its Charter)

8400 NW 36^th Street, Suite 530

Doral, FL 33166

United States

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F x Form 40-F ¨

MILLICOM INTERNATIONAL CELLULAR S.A.

INDEX TO FURNISHED MATERIAL

Item

1. Press release dated September 5, 2025.

Item 1

   

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

Luxembourg, September 5, 2025 – Millicom’s subsidiary Telefónica Celular del Paraguay S.A.E (“Telecel Paraguay”) today announced its intent to redeem $150,000,000 aggregate principal amount of its 5.875% Senior Unsecured Notes due 2027 (the “Notes”) on September 15, 2025 (the “Redemption Date”). 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: 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 June 30, 2025, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people and provided mobile and fiber-cable services through its digital highways to more than 46 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.

About Telefónica Celular del Paraguay S.A.E.

Telefónica Celular del Paraguay S.A.E. is a wholly-owned subsidiary of Millicom International Cellular S.A. under the brand Tigo, which employs approximately 3,100 people and is the leading provider of communications, information, entertainment and solutions services in Paraguay through the provision of mobile telephony, cable and broadband internet. 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		MILLICOM INTERNATIONAL CELLULAR S.A.  (Registrant)
		By:	/s/ Salvador Escalón
			Name:	Salvador Escalón
			Title:	Executive Vice President, Chief Legal and Compliance Officer

Date: September 8, 2025

FAQ

What did Millicom (TIGO) announce in this 6-K about Telecel Paraguay?

Millicom disclosed that its subsidiary Telefónica Celular del Paraguay S.A.E. intends to redeem $150,000,000 of its 5.875% Senior Unsecured Notes due 2027, with the redemption scheduled for September 15, 2025, under the terms of the existing note indenture.

How large is the Telecel Paraguay note redemption described for TIGO investors?

Telecel Paraguay plans to redeem $150,000,000 aggregate principal amount of its 5.875% Senior Unsecured Notes due 2027. The notes will be redeemed at 100% of principal, plus accrued and unpaid interest and any Additional Amounts, following the procedures set out in the note indenture.

When will Telecel Paraguay redeem the 5.875% Senior Notes due 2027?

The redemption date for Telecel Paraguay’s 5.875% Senior Unsecured Notes due 2027 is set for September 15, 2025. A formal notice of redemption will be sent to noteholders in accordance with the indenture requirements before the redemption is carried out.

At what price will Telecel Paraguay redeem its 2027 Senior Notes?

Telecel Paraguay will redeem the 5.875% Senior Unsecured Notes due 2027 at a redemption price equal to 100% of the principal amount redeemed, plus accrued and unpaid interest and any Additional Amounts up to, but excluding, the September 15, 2025 redemption date.

Does this Telecel Paraguay announcement represent an offer to sell or buy securities?

The announcement expressly states that it does not constitute an offer to sell, a solicitation of an offer to buy any security, or a formal notice of redemption under the indenture, and it may not be used as an offer or solicitation where such actions would be unlawful.

What business does Millicom (TIGO) operate in Latin America?

Millicom operates fixed and mobile telecommunications services in Latin America under the TIGO and Tigo Business brands, offering mobile financial services, entertainment, pay TV, high-speed data, voice, and business solutions. As of June 30, 2025, it served over 46 million customers across its digital networks.