MetroPCS to get $950 million credit facility via Bear Stearns

By Sara Rosenberg

New York, April 26 - MetroPCS Wireless Inc. plans on getting a new $950 million senior secured credit facility to help fund a note tender offer, according to a company news release.

Bear Stearns is the sole lead arranger and bookrunner on the deal.

The company is offering to purchase any and all of MetroPCS, Inc.'s $150 million 10¾% senior notes due 2011, with the tender offer set to expire on May 24.

MetroPCS Wireless is a Dallas-based provider of wireless communications services.

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