T-Mobile Plans Public Offering of Senior Notes

By Michael Dabaie

T-Mobile US Inc. unveiled a proposed public offering of senior notes.

The company said its T-Mobile USA Inc. subsidiary plans to offer up to $3 billion aggregate principal amount of senior notes, to be issued in three tranches with maturities in 2026, 2029 and 2031.

T-Mobile USA plans to use $2 billion of the net proceeds to acquire spectrum licenses under the Federal Communications Commission's Auction 107, with any remainder to be used to redeem its 6.50% Senior Notes due 2026 and then for refinancing existing indebtedness.

Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets LLC are the joint book-running managers for the offering of the notes.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

March 16, 2021 08:10 ET (12:10 GMT)

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