Millicom dials in ESG facility as Lat Am turns greener
Millicom International Cellular, the Luxembourg-headquartered telecoms company, has refinanced its main bank credit line with one linked to environmental, social and governance metrics. It claims this is one of the first such deals for Latin America through its reach into the region.
The $600m five year revolving credit facility was arranged by Bank of Nova Scotia and BNP Paribas. DNB Bank acted as ESG coordinator. In total, 11 banks joined the transaction.
Millicom has a large presence in Latin America and Africa through its Tigo brand.The new facility is “among the ...