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Wireless

Sprint to amend Clearwire notes

Wednesday 9 October 2013 | 16:29 CET | News
Sprint has announced that Clearwire Communications and Clearwire Finance, its wholly-owned subsidiaries, have started asking debtholders to approve changes to certain debt terms. The company wants to amend its 14.75 percent senior secured notes due 2016 and 8.25 percent exchangeable notes due 2040. If holders of a majority of the principal amount of the notes of a series agree to the amendments, the company will make a cash payment of USD 2.50 per USD 1,000 principal amount of the 2016 notes and USD 2.50 per USD 1,000 principal amount of the 2040 notes. The offer is open until 16 October.

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