Press release
T-Mobile Agrees to Sell $19 Billion of Senior Secured Notes
BELLEVUE, Wash.--(BUSINESS WIRE)-- T-Mobile US, Inc. (NASDAQ: TMUS) (“T-Mobile”) announced today that T-Mobile USA, Inc. (“T-Mobile USA”), its direct
About this update from T-mobile Us, Inc.
[{"type":"text","content":" BELLEVUE, Wash.--(BUSINESS WIRE)--\nT-Mobile US, Inc. (NASDAQ: TMUS) (“T-Mobile”) announced today that T-Mobile USA, Inc. (“T-Mobile USA”), its direct wholly-owned subsidiary, has agreed to sell $3,000,000,000 aggregate principal amount of its 3.500% Senior Secured Notes due 2025, $4,000,000,000 aggregate principal amount of its 3.750% Senior Secured Notes due 2027, $7,000,000,000 aggregate principal amount of its 3.875% Senior Secured Notes due 2030, $2,000,000,000 aggregate principal amount of its 4.375% Senior Secured Notes due 2040 and $3,000,000,000 aggregate principal amount of its 4.500% Senior Secured Notes due 2050 (collectively, the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The offering of the Notes is scheduled to close on April 9, 2020, subject to satisfaction of customary closing conditions. T-Mobile USA intends to use the net proceeds of this offering to repay amounts borrowed under the bridge credit agreement it incurred in connection with T-Mobile’s business combination with Sprint Corporation and liabilities under related interest rate protection agreements.\n\n\nThe Notes were offered and sold only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A and in offshore transactions in reliance on Regulation S under the Securities Act. The Notes and related guarantees will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. \n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes, the guarantees or any other securities, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. \n\n\nThis press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act. \n\n\nCautionary Statement Regarding Forward-Looking Statements\n\n\nThis communication contains certain forward-looking statements concerning T-Mobile. All statements, other than statements of historical fact, including information concerning future results and performance, are forward-looking statements. These forw...