Sprint expected to price $1 billion eight-year bullet on Thursday

By Paul A. Harris

Portland, Ore., Jan. 29 – Sprint Corp. plans to price a $1 billion offering of eight-year senior guaranteed bullet notes (expected ratings B1/B) on Thursday, according to a market source.

J.P. Morgan Securities LLC is leading the Rule 144A and Regulation S offering.

The Overland Park, Kan.-based telecommunications company plans to use the proceeds to repay debt.

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