TIGO
Millicom completes upsized reopening of $87.5 million of 7.375% Senior Notes Due 2032
Article Summary
HOLD- Millicom International Cellular S.A. (NASDAQ: TIGO) completed an $87.5 million aggregate principal amount reopening of its 7.375% Senior Notes due 2032 in a Regulation S only private placement exempt from the registration requirements of the U.S.
- Securities Act of 1933.
- The offering represents an upsize from the $75 million aggregate Principal amount of Additional Notes originally priced on April 1, 2026, and Millicom intends to use the net proceeds for general corporate purposes, including capital expenditures and mergers and acquisitions.
- Millicom International Cellular S.A has applied for the Additional Notes to be admitted to listing and trading on the Official List of the Luxembourg Stock Exchange and admitted to trading on Euro MTF market thereof.
- The Additional Notes have been offered outside the United States only to non-U.S.-based investors pursuant to Regulation S and will not be registered under the Securities Act or securities laws of any other jurisdiction.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 0.2% | 25% | 20.0 ptsMinimal (0.2%) - Very weak |
| EPS Growth Next 5Y ? | -6.3% | 25% | 0.0 ptsNegative (-6.3%) - Declining expectations |
| Target Price Upside ? | 5.7% | 20% | 10.0 ptsNear/At Target (5.7%) - Target: $75.96 vs Current: $80.56 |
| Gross Margin % ? | 55.5% | 15% | 80.0 ptsVery Healthy (55.5%) - High-quality margins |
| Drawdown from 52-Wk High ? | -4.6% | 15% | 20.0 ptsBarely a Dip (-4.6%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About TIGO
- Millicom International Cellular S.A. provides cable and mobile services in Latin America.
- It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.
- The company also operates TIGO Sports for sports dedicated broadcast business; Tigo Money that allows its customers to send and receive money without the need for a bank account; and TIGO ONEtv for pay TV.
- In addition, it provides fixed services, including broadband, fixed voice, and pay-TV; and fixed-voice and data telecommunications services, managed services, cloud and security solutions, and value-added services; and tower infrastructure and services.
- The company serves small, medium, and large businesses, as well as residential consumers and governmental entities.
- It markets its products and services under the Tigo and Tigo Business brands.
- The company was founded in 1990 and is headquartered in Luxembourg, Luxembourg.