T-Mobile US, Inc. (NASDAQ: TMUS) (“T-Mobile”) said that T-Mobile USA, Inc. (“T-Mobile USA”), a wholly owned subsidiary, has agreed to sell USD 500.0m aggregate principal amount of 4.000% Senior notes due 2022, USD 500.0m aggregate principal amount of 5.125% Senior notes due 2025 and USD 500.0m aggregate principal amount of 5.375% Senior notes due 2027 in a registered public offering, the company said.
The offering of the notes is scheduled to close on March 16, 2017, subject to satisfaction of customary closing conditions.
T-Mobile expects to use the net proceeds from the offering of the notes to refinance existing debt.
Deutsche Bank Securities Inc., Barclays Capital Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are the joint book-running managers for the offering of the notes.
T-Mobile expects to use the net proceeds from the DT notes to refinance existing debt, including USD 2.5bn in aggregate principal amount of its redeemable notes held by DT.
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