T-Mobile US to issue USD 3 billion worth of notes

News Wireless United States 12 JAN 2021
T-Mobile US to issue USD 3 billion worth of notes

T-Mobile US has finally agreed to see a total of USD 3.0 billion worth of senior notes, organized as USD 1 billion worth of 2.250 percent of senior notes due 2026, USD 1 billion worth of 2.625 percent senior notes due 2029, and USD 1 billion worth of 2.875 percent senior notes due 2031. The offering, upsized from a previously announced USD 2 billion, is expected to close on 14 January.

Money raised by the issue will go towards general corporate purposes. These may include financing for buying more spectrum and refinancing debt.

Deutsche Bank, Citigroup, Credit Suisse, Goldman Sachs, Barclays, JP Morgan and RBC will act as joint book-running managers for the offering. Academy Securities, CL King Associates, Great Pacific Securities and Mischler Financial Group will act as co-managers.

Categories:

Mobile

Companies:

T-Mobile US

Countries:

United States

Tags:

Corporate strategy, Financial funding

Related Articles

UNITED STATES 2 DEC 2021

T-Mobile US to issue USD 3 billion worth of new notes

T-Mobile US said it has agreed to sell USD 3 billion worth of senior secured notes, including 500 million worth of 2.400 percent notes due 2029, USD billion worth of 2.700 percent notes due 2032 and USD 1.5 billion worth of 3.400 percent notes due 2052. All will be sold in a private offering. The new 2052 notes are part of an USD 1.3 billion issue that took place in mid-August.

UNITED STATES 17 MAR 2021

T-Mobile US raises USD 3.8 billion in debt offering

T-Mobile US has raised USD 3.8 billion in a new debt offering to finance its recent spectrum purchases. The company is selling USD 1.2 billion of 2.625 percent notes due 2026, USD 1.25 billion of 3.375 percent notes due 2029 and USD 1.35 billion of 3.5 percent notes due 2031.

UNITED STATES 12 MAR 2021

T-Mobile US raises growth targets on higher merger synergies, 5G expansion plans

T-Mobile US has raised its mid-term growth guidance, saying it sees greater-than-expected synergies from the merger with Sprint and new growth opportunities in 5G, rural markets and the B2B segment. The company presented the new financial targets and its market expansion plans at an analysts meeting. 

UNITED STATES 5 FEB 2021

T-Mobile US more than doubles Q4 EBITDA thanks to Sprint integration, sees further growth in 2021

T-Mobile US nearly doubled its revenues in the fourth quarter, thanks to the takeover of Sprint and record customer growth. Revenues were up 71 percent to USD 20.3 billion, and service revenues increased 60 percent to USD 14.2 billion. Adjusted EBITDA more than doubled, to USD 6.7 billion from USD 3.2 billion, while net profit was flat at USD 750 million due to charges related to the merger. 

UNITED STATES 2 FEB 2021

T-Mobile to pay USD 1.95 billion for Shentel wireless business

Shenandoah Telecommunications Company announced that it's agreed a price of USD 1.95 billion cash for its mobile business with T-Mobile US. The operators have been in talks for nearly a year on the sale of the Shentel activities to T-Mobile after the latter exercised an option to buy the Sprint affiliate.

UNITED STATES 11 JAN 2021

T-Mobile US planning notes offering worth up to USD 2 billion

T-Mobile US is planning an offering of up to USD 2.0 billion worth of senior notes, depending on market and other conditions. The offering will be organized in three tranches, with maturities of 2026, 2029 and 2031. Money raised by the issue will go towards general corporate purposes. These may include financing for buying more spectrum and refinancing debt.

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.