Tigo El Salvador Network Connectivity Financing

in implementation

IDB Invest is considering providing a financing package that includes three financial products to Telemóvil El Salvador, S.A. de C.V. (the “Company” or “Tigo”). The first tranche (15420-01) consists of a long-term loan of up to US$150 million. This financing is part of a US$300 million CAPEX strategic investment plan for the 2024–2027 period, aimed at supporting the expansion of Tigo’s mobile and fixed infrastructure network in El Salvador, and including the partial refinancing of maturing debt obligations. The long-term financing package, where IDB Invest would act as Lender of Record for the entire financing, includes US$75 million in loans from IDB Invest (“A Loan”) and up to US$75 million to be mobilized from commercial banks (“B Loan”). The second tranche (15481-01) is a revolving credit line of up to US$30 million, and finally, the third tranche (15558-01) includes an uncommitted smartphone financing line of up to US$25 million.