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T-Mobile to call $2.35 billion notes, repay debt via new issue
By Susanna Moon
Chicago, Jan. 22 – T-Mobile US, Inc. said it plans to redeem up to $1.75 billion principal amount of 6 5/8% senior notes due 2023 and up to $600 million principal amount of 6.836% senior notes due 2023, each issued by wholly owned subsidiary T-Mobile USA, Inc.
T-Mobile will fund the redemption using proceeds of $2.5 billion principal amount of senior notes to be issued in two tranches with maturities in 2026 and 2028, according to a press release.
Remaining proceeds will be used for general corporate purposes, including to pay down some debt under T-Mobile USA’s revolving credit facilities.
T-Mobile is a Bellevue, Wash.-based wireless communications provider.
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