Press release
T-Mobile Agrees to Sell $3.0 Billion of Senior Secured Notes
BELLEVUE, Wash.--(BUSINESS WIRE)-- T-Mobile US, Inc. (NASDAQ: TMUS) (“T-Mobile”) announced today that T-Mobile USA, Inc., its direct wholly-owned subsidiary
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., its direct wholly-owned subsidiary (“T-Mobile USA”), has agreed to sell $500,000,000 aggregate principal amount of its 2.400% Senior Secured Notes due 2029 (the “2029 Notes”), $1,000,000,000 aggregate principal amount of its 2.700% Senior Secured Notes due 2032 (the “2032 Notes”) and $1,500,000,000 aggregate principal amount of its 3.400% Senior Secured Notes due 2052 (the “New 2052 Notes,” and collectively with the 2029 Notes and the 2032 Notes, 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 New 2052 Notes will constitute an additional issuance of T-Mobile USA’s 3.400% Senior Secured Notes due 2052, of which $1,300,000,000 aggregate principal amount was issued on August 13, 2021.\n\nThe offering of the notes is scheduled to close on December 6, 2021, subject to satisfaction of customary closing conditions. T-Mobile USA intends to use the net proceeds from the offering for general corporate purposes, which may include among other things, financing acquisitions of additional spectrum and refinancing existing indebtedness on an ongoing basis.\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\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes, the related 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\nThis press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.\n\nCautionary Statement Regarding Forward-Looking Statements\n\nThis press release contains forward-looking statements that are based on T-Mobile management’s current expectations. Such statements include, without limitation, s...