T-Mobile Agrees To Raise $2B Via Institutional Senior Note Offering For Debt Financing

Loading...
Loading...
  • T-Mobile US Inc's TMUS subsidiary T-Mobile USA, Inc has agreed to sell $1.3 billion 3.4% Senior Secured Notes due 2052 and $700 million 3.6% Senior Secured Notes due 2060 in a private institutional offering.
  • The New 2060 Notes will constitute an additional issuance of T-Mobile USA's 3.6% Senior Secured Notes due 2060, including the $1 billion issued on Oct. 28.
  • T-Mobile USA will utilize the offering proceeds, together with cash on hand, to redeem its 4.5% Senior Notes due 2026 and 4.5% Senior Notes due 2026-1 held by Deutsche Telekom AG DTEGF DTEGY.
  • T-Mobile US held $7.8 billion in cash and equivalents and $65.9 billion in long-term debt as of Jun. 30.
  • T-Mobile shares have gained 6.2% year-to-date.
  • Price Action: TMUS shares closed higher by 0.15% at $143.20 on Tuesday.
Posted In: NewsOfferingsTechBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...