Cederquist advises Millicom International Cellular S.A. on a rights offering of approximately SEK 7.5 billion
Cederquist has acted as Swedish legal counsel to Millicom International Cellular S.A. (”Millicom”) in connection with Millicom’s rights offering of approximately SEK 7.5 billion which was announced on May 18, 2022. The rights issue was fully underwritten by Goldman Sachs International, J.P. Morgan Securities plc, Nordea Bank Abp, filial i Sverige (Joint Global Coordinators and Joint Bookrunners), DNB Markets, a part of DNB Bank ASA, Sweden Branch and Morgan Stanley & Co. International plc (Joint Bookrunners).
The intention is to use the net proceeds from the rights offering to repay a bridge loan which was taken out in connection with Millicom’s acquisition of the 45% equity interest that Millicom did not already own in the company’s joint venture in Guatemala in November 2021.
Millicom’s shares are, through SDRs, listed on Nasdaq Stockholm. Millicom’s shares are directly listed on the Nasdaq Stock Market’s Global Select Market in the United States.
Millicom is a leading provider of cable and mobile services dedicated to emerging markets.
Further information about the transaction is available at, www.millicom.com.
Cederquist team comprised of Fredrik Lundén, Anna Green Jensen, Sebastian Hellesnes and Karin Karsten.