October 29, 2018
Latham & Watkins LLP represented the initial purchasers, BNP Paribas, Goldman Sachs, J.P. Morgan and Scotiabank, on Millicom International Cellular S.A.’s offering of US$500 million of 6.625% senior notes due 2026. The proceeds of the offering were intended to fund part of Millicom’s acquisition of a controlling 80% stake in Cable Onda, the largest cable and fixed telecommunications services provider in Panama. Through its Tigo and Tigo Business™ brands, Stockholm-listed Millicom provides a wide range of digital services in eight countries in Latin America and two countries in Africa.
Corporate partner Scott Colwell led the Latham team, with associates Matthew Friedman, Taylor Mullings, Marc Galeotti, and Aishwarya Nair.
Latham’s Capital Markets Practice is consistently ranked #1 for global high yield financings by Bloomberg and Reuters. In the first three quarters of 2018, the firm advised on more than 100 high yield offerings that raised approximately US$60 billion on behalf of both issuers and managers. The offering reflects the global reach of Latham’s dedicated practice in Latin America.