T-Mobile USA to price three-tranche offering of senior notes

By William Gullotti

Buffalo, N.Y., Jan. 9 – T-Mobile US, Inc. announced that direct wholly owned subsidiary T-Mobile USA, Inc. intends to price three tranches of fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

Each tranche will be issued by the subsidiary and guaranteed by the parent.

The notes from each series will feature a make-whole call until some months prior to maturity, followed by a par call.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and UBS Securities LLC are the joint bookrunning managers.

Deutsche Bank Trust Co. Americas is the trustee.

T-Mobile is using Fried, Frank, Harris, Shriver & Jacobson LLP and Polsinelli PC for legal matters. Counsel for the underwriters is Cahill Gordon & Reindel LLP.

Proceeds will be used for general corporate purposes, including share repurchases, any dividends declared by the parent’s board of directors and to refinance existing debt.

The wireless communications services company is based in Bellevue, Wash.

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