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T-Mobile redeems all $2.5 billion 8.097%, 8.195% senior reset notes
By Tali Rackner
Minneapolis, May 4 – T-Mobile USA, Inc. redeemed all $1.25 billion of its outstanding 8.097% senior reset notes due 2021 and all $1.25 billion of the outstanding 8.195% senior reset notes due 2022 held by majority stockholder Deutsche Telekom AG, according to an 8-K filing with the Securities and Exchange Commission.
The company paid Deutsche Telekom $102 million for the redemption premium due on the its exchange notes.
The redemptions were funded using the proceeds from the recently completed issuance of $2.5 billion senior notes to Deutsche Telekom pursuant to a purchase agreement dated Jan. 22.
T-Mobile is a Bellevue, Wash.-based wireless communications provider. It is a direct wholly-owned subsidiary of T-Mobile US, Inc.
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