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Wireless

Sprint raises USD 1.5 bln in senior notes offering

Thursday 19 February 2015 | 17:16 CET | News
Sprint has raised USD 1.5 billion in a debt offering. Sprint intends to use the net proceeds from the offering for general corporate purposes, which may include, among other things, working capital requirements, retirement or service requirements of outstanding debt and network expansion and modernisation. The offering was raised from an initial USD 1.0 billion due to strong investor demand. The notes carry annual interest of 7.625 percent and are due in 2025.

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Categories: Mobile & Wireless
Companies: Sprint
Countries: United States
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