Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
October 19 2020 - 5:02PM
Edgar (US Regulatory)
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 October 2020.
Commission
File Number: 001-38763
MILLICOM INTERNATIONAL CELLULAR S.A.
(Exact Name of Registrant as Specified
in Its Charter)
2, Rue du Fort Bourbon,
L-1249 Luxembourg
Grand Duchy of Luxembourg
(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:
Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
MILLICOM INTERNATIONAL CELLULAR S.A.
INDEX TO FURNISHED MATERIAL
Item
______
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1.
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Press release dated October 19, 2020
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Item
1
Millicom
announces proposed offering of senior notes and intent to redeem its senior notes due 2025
Luxembourg,
October 19, 2020 – Millicom International Cellular S.A. (“Millicom”) today announced that it is proposing
to sell $500 million aggregate principal amount of senior notes due 2031 (the “New Notes”) in a private offering (the
“New Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities
Act”).
Millicom
expects to use the net proceeds from the New Offering, along with existing cash on balance sheet, to redeem the full aggregate
principal amount of its 6.0% senior notes due 2025 (the “2025 Notes”). The redemption of the 2025 Notes is conditioned
upon the completion of the New Offering. A notice of redemption will be sent to the holders of the 2025 Notes in accordance with
the requirements of the indenture governing the 2025 Notes (the “Indenture”). Pursuant to the terms of the Indenture,
the 2025 Notes will be redeemed at a redemption price equal to 103% of the principal amount of the 2025 Notes redeemed, plus accrued
and unpaid interest and Additional Amounts (if any) to, but excluding, the redemption date, subject to completion of the New Offering.
The
anticipated redemption date is October 29, 2020.
The
New Notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A
under the Securities Act, and outside the United States, only to non-U.S. investors pursuant to Regulation S. The New 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 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. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities
Act.
Important Information
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 completion of the offering and
redemption of securities. 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.
-END-
For
further information, please contact
Press:
Vivian
Kobeh, Corporate Communications Director
+1-786-628-5300
/ +1-305-302-2858
press@millicom.com
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Investors:
Michel
Morin, VP Investor Relations
+1-786-628-5270
investors@millicom.com
Sarah
Inmon, Investor Relations Sr. Manager
Tel:
+1-786-628-5303
investors@millicom.com
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About
Millicom
Millicom (NASDAQ
U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of cable and mobile services dedicated to emerging markets in Latin
America and Africa. Millicom sets the pace when it comes to providing highspeed broadband and innovation around The Digital Lifestyle®
services through its principal brand, TIGO. As of December 31, 2019, Millicom operating subsidiaries and joint ventures employed
more than 22,000 people and provided mobile services to approximately 52 million customers, with a cable footprint of more than
11 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.
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.
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MILLICOM INTERNATIONAL CELLULAR S.A.
(Registrant)
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By:
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/s/ Salvador Escalon
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Name:
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Salvador Escalon
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Title:
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Executive Vice President, General Counsel
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Date: October 19, 2020
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