Orrick advised Millicom International Cellular on a $600 million syndicated revolving credit facility. The lenders included JP Morgan, Goldman Sachs, Citi, BNP Paribas and Barclays, among others. Millicom will use the proceeds to refinance the company's existing dual-tranche $500 million revolving credit facility and for general corporate purposes.
Millicom provides a wide range of telecommunications services and related products, including mobile financial services, digital media and e-commerce in 13 countries in Latin America and Africa. This is the latest transaction on which the firm has advised longstanding client Millicom following a series of successful financings. The Orrick team was led by partners Sushila Nayak and Nell Scott.