T-Mobile USA to place $2 billion of 5.3% notes due 2021 with stockholder Deutsche Telekom

By Lisa Kerner

Charlotte, N.C., March 7 – T-Mobile USA, Inc. agreed to place $2 billion of 5.3% senior notes due March 15, 2021, with Deutsche Telekom AG.

Closing is expected to occur by Dec. 7, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds will be used first for acquisitions of low-band spectrum, second for debt refinancing and lastly for general corporate purposes.

The notes will be sold without being registered under the Securities Act of 1933, as amended.

Deutsche Telekom is the company’s majority stockholder and a holder of a portion of T-Mobile USA’s outstanding debt.

T-Mobile USA is a direct, wholly owned subsidiary of T-Mobile US, Inc., a Bellevue, Wash.-based wireless telecommunications company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.