Sprint's Clearwire to redeem $175 million 12% secured notes due 2017

By Tali David

Minneapolis, Sept. 30 - Sprint Corp. said its subsidiaries plan to partially redeem $175 million of the 12% second-priority secured notes due 2017 issued by Clearwire Communications LLC and Clearwire Finance, Inc., according to a press release.

The notes will be redeemed at 112 plus accrued interest on Oct. 30.

Following the transaction, $325 million will remain outstanding under the notes.

Sprint is an Overland Park, Kan.-based telecommunications company. Clearwire is a Bellevue, Wash.-based mobile broadband services provider.

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