By Devika Patel
Knoxville, Tenn., June 19 – T-Mobile USA, Inc. priced $4 billion of senior secured notes (Baa3/BBB-/BBB) in three tranches, on Thursday, according to a press release.
The company sold $1 billion of 1.5% notes due 2026.
T-Mobile also priced $1.25 billion of 2.05% notes due 2028.
Finally, there were $1.75 billion of 2.55% notes due 2031.
Other details of the issuance were not immediately available.
Proceeds will be used for ongoing liability management, including the redemption of unsecured notes.
T-Mobile is a Bellevue, Wash.-based wireless communications provider.
| Issuer: | T-Mobile USA, Inc.
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| Amount: | $4 billion
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| Description: | Senior secured notes
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| Trade date: | June 18
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| Settlement date: | June 24
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| Ratings: | Moody’s: Baa3
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| S&P: BBB-
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| Fitch: BBB
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| Distribution: | Rule 144A
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| 2026 notes
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| Amount: | $1 billion
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| Maturity: | 2026
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| Coupon: | 1.5%
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| 2028 notes
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| Amount: | $1.25 billion
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| Maturity: | 2028
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| Coupon: | 2.05%
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| 2031 notes
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| Amount: | $1.75 billion
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| Maturity: | 2031
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| Coupon: | 2.55%
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