T-Mobile Agrees to Sell $3.0 Billion of Senior Notes
May 10 2021 - 6:40PM
Business Wire
T-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 $800,000,000 aggregate
principal amount of its 2.250% Senior Notes due 2026 (the “2026
notes”), $1,100,000,000 aggregate principal amount of its 3.375%
Senior Notes due 2029 (the “2029 notes”) and $1,100,000,000
aggregate principal amount of its 3.500% Senior Notes due 2031 (the
“2031 notes,” and collectively with the 2026 notes and the 2029
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 2026 notes, the 2029 notes and the 2031
notes will constitute additional issuances of T-Mobile USA’s 2.250%
Senior Notes due 2026, 3.375% Senior Notes due 2029 and 3.500%
Senior Notes due 2031, respectively, of which $1,000,000,000,
$1,250,000,000 and $1,350,000,000 aggregate principal amount was
respectively issued on January 14, 2021, March 23, 2021 and March
23, 2021. The offering of the notes is scheduled to close on May
13, 2021, subject to satisfaction of customary closing conditions.
T-Mobile USA intends to use the net proceeds from the offering
first to redeem its 6.000% Senior Notes due 2023, 6.000% Senior
Notes due 2024 and 5.125% Senior Notes due 2025 and then for
refinancing other indebtedness.
The 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.
This 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.
This press release is being issued pursuant to and in
accordance with Rule 135c under the Securities Act.
Cautionary Statement Regarding 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 regarding the
expected closing of the offering of the notes and statements
regarding the intended use of proceeds from the offering of the
notes. Such forward-looking statements are subject to certain
risks, uncertainties and assumptions, including, without
limitation, prevailing market conditions 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210510006004/en/
T-Mobile US Media Relations MediaRelations@T-Mobile.com or
Investor Relations investor.relations@t-mobile.com
T Mobile US (NASDAQ:TMUS)
Historical Stock Chart
From Mar 2024 to Apr 2024
T Mobile US (NASDAQ:TMUS)
Historical Stock Chart
From Apr 2023 to Apr 2024