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US Cellular raises USD 500 mln in 50-year bond issue

Tuesday 1 December 2020 | 16:09 CET | News
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US Cellular has raised USD 500 million for its 5G roll-out in an issue of 50-year bonds. The 5.5 percent senior notes due 2070 will be callable from March 2026 and listed on the New York Stock Exchange. The mobile operator said it expects to use the proceeds paying off debt and funding capex related to its 5G buildout.

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Categories: Mobile & Wireless
Companies: US Cellular
Countries: United States
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