T-Mobile US, Inc. (NASDAQ: TMUS) has announced that T-Mobile USA, Inc., its direct wholly owned subsidiary, has agreed to sell USD 1 billion aggregate principal amount of its 1.500% Senior Secured Notes due 2026, USD 1,250,000,000 aggregate principal amount of its 2.050% Senior Secured Notes due 2028 and USD 1,750,000,000 aggregate principal amount of its 2.550% Senior Secured Notes due 2031 (collectively, the “Notes”) in a private offering, the company said.
The offering of the Notes is scheduled to close on June 24, 2020, subject to satisfaction of customary closing conditions. T-Mobile USA intends to use the net proceeds of this offering for ongoing liability management, including the redemption of one or more series of existing T-Mobile USA unsecured notes that are subject to redemption without payment of a ´´make-whole´´ redemption premium.
The Notes were offered and sold only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A and in offshore transactions in reliance on Regulation S under the Securities Act. The Notes and related guarantees will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.