Atlas Investissement Increases Millicom Stake to 46% via $190M Financing Upsize and New Equity Derivative

Atlas Investissement SAS filed Amendment No. 27 to Schedule 13D for Millicom International Cellular SA, reporting significant financing and equity derivative transactions. On March 27, 2026, Atlas entered into amendment agreements with four banks (BNP Paribas, Credit Agricole, Natixis, and Societe Generale) to increase existing equity financing by approximately $190 million. This "Upsize Transaction" will fund a forthcoming partial settlement of the original equity derivative transaction. Separately, Atlas entered into a new equity derivative transaction with Societe Generale to purchase up to 3,250,000 additional common shares by June 30, 2026. The filing shows Atlas's beneficial ownership increased to 77,070,018 shares (46% of outstanding shares), up from 73,820,018 shares (44.1%). The transactions involve complex financial arrangements including prepaid forwards, equity swaps, and security interests over Atlas's Millicom shares. The filing includes numerous exhibits documenting the amended agreements with each financial institution.