T-Mobile Agrees to Sell $500.0 Million 4.000% Senior Notes Due 2022, $500.0 Million 5.125% Senior Notes Due 2025 & $500.0 Mil...
March 13 2017 - 9:07PM
Business Wire
T-Mobile US, Inc. (NASDAQ: TMUS) (“T-Mobile”) announced today
that T-Mobile USA, Inc. (“T-Mobile USA”), a wholly-owned
subsidiary, has agreed to sell $500.0 million aggregate principal
amount of 4.000% Senior Notes due 2022 (the “2022 notes”), $500.0
million aggregate principal amount of 5.125% Senior Notes due 2025
(the “2025 notes”) and $500.0 million aggregate principal amount of
5.375% Senior Notes due 2027 (the “2027 notes” and together with
the 2022 notes and the 2025 notes, the “notes”) in a registered
public offering. The offering of the notes is scheduled to close on
March 16, 2017, subject to satisfaction of customary closing
conditions.
T-Mobile expects to use the net proceeds from the offering of
the notes to refinance existing debt.
Deutsche Bank Securities Inc., Barclays Capital Inc., Citigroup
Global Markets Inc. and J.P. Morgan Securities LLC are the joint
book-running managers for the offering of the notes.
T-Mobile also announced today that Deutsche Telekom AG (“DT”),
T-Mobile’s majority stockholder, has agreed to purchase
$1,000,000,000 aggregate principal amount of 4.000% Senior Notes
due 2022, $1,250,000,000 aggregate principal amount of 5.125%
Senior Notes due 2025 and $1,250,000,000 aggregate principal amount
of 5.375% Senior Notes due 2027 (collectively, the “DT notes”)
directly from T-Mobile USA in a private placement with no
underwriting discount. The DT notes are scheduled to be issued on
or about April 28, 2017 and September 16, 2017, subject to
satisfaction of customary closing conditions. The DT notes will
have substantially the same terms and conditions as each of the
2022 notes, 2025 notes and 2027 notes, as applicable, other than
issue date, issue price, registration rights and CUSIP. The DT
notes will be issued under separate supplemental indentures and
will each constitute a separate series from the notes for all
purposes, including voting.
T-Mobile expects to use the net proceeds from the DT notes to
refinance existing debt, including $2.5 billion in aggregate
principal amount of its redeemable notes held by DT.
The Issuer has filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (“SEC”) for
the offering of the notes to which this communication relates.
Before you invest, you should read the prospectus in that
registration statement and the related prospectus supplement and
other documents the Issuer will file with the SEC for more complete
information about the Issuer and the offering of the notes.
You may get these documents for free by visiting EDGAR on the
SEC Web site at http://www.sec.gov.
Alternatively, the Issuer, any underwriter or any dealer
participating in the offering of the notes will arrange to send you
the prospectus and related prospectus supplement if you request it
by contacting Deutsche Bank Securities Inc., Attention: Prospectus
Group, 60 Wall Street, New York, New York 10005-2836, by telephone
at (800) 503-4611 or by email at
prospectus.cpdg@db.com; Barclays Capital Inc. c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
New York 11717, Email:
Barclaysprospectus@broadridge.com, Telephone: (888)
603-5847; Citigroup Global Markets Inc., c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Attn:
Prospectus Department, Telephone: 1-800-831-9146, Email:
prospectus@citi.com; J.P. Morgan Securities LLC, 383
Madison Avenue, 3rd Floor, New York, New York 10179, Attention:
Syndicate Desk, Telephone 800-245-8812.
Forward-Looking Statements
This press release contains forward-looking statements that are
based on T-Mobile management’s current expectations. Such
statements include, without limitation, statements about the
expected closing of the offering of the notes and plans,
projections and estimates regarding the use of proceeds from the
offering of the notes and the DT notes. Such forward-looking
statements are subject to certain risks, uncertainties and
assumptions, including, without limitation, prevailing market
conditions, difficulties in executing the offering of the notes and
other factors. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those expected. More
information about potential risk factors that could affect T-Mobile
and its results is included in T-Mobile’s filings with the SEC,
which are available at http://www.sec.gov.
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version on businesswire.com: http://www.businesswire.com/news/home/20170313006467/en/
Press Contact:Media RelationsT-Mobile US,
Inc.mediarelations@t-mobile.comhttp://newsroom.t-mobile.comorInvestor
Relations Contact:Nils PaellmannT-Mobile US, Inc.877-281-TMUS
or 212-358-3210investor.relations@t-mobile.comhttp://investor.t-mobile.com
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