Millicom closes new revolver

Millicom closes new revolver

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Millicom International Cellular has refinanced two loans with a new five-year $600m revolving credit facility from 13 lenders."The company wanted to harmonize the loans into one facility," said a banker who worked on the deal.The new five-year loan priced above 145bp over Libor, a wider spread than the two-year and three-year revolvers that Millicom signed in June 2014, sources said. The telecommunications company paid 130bp on the two-year $200m loan and 145bp on the three-year $300m loan.Milli

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