Company Website:
http://www.sprint.com
OVERLAND PARK, Kan. -- (Business Wire)
Sprint Corporation (NYSE:S) announced today that it has priced an
underwritten public offering of $1,500,000,000 aggregate principal
amount of 7.625% notes due 2025. The sale of the notes is expected to
close on Feb. 24, 2015.
Sprint intends to use the net proceeds from the offering for general
corporate purposes, which may include, among other things, working
capital requirements, retirement or service requirements of outstanding
debt and network expansion and modernization.
The joint book-running managers for the offering are Citigroup Global
Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Merrill
Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc.,
Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA)
LLC, Deutsche Bank Securities Inc., Mitsubishi UFJ Securities (USA),
Inc., Mizuho Securities USA Inc., RBC Capital Markets, LLC, Scotia
Capital (USA) Inc. and SMBC Nikko Securities America, Inc.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would
be unlawful prior to the registration or qualification under the
securities laws of any such state.
These securities are being offered pursuant to an effective shelf
registration statement that has been filed with the Securities and
Exchange Commission, and a preliminary prospectus supplement and
accompanying prospectus describing the terms of the offering have been
filed with the Securities and Exchange Commission. You may obtain a
preliminary prospectus supplement and prospectus by visiting EDGAR on
the SEC website at http://www.sec.gov
or by contacting Citigroup Global Markets Inc. at c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 111717,
emailing prospectus@citi.com or
calling toll free 1-800-831-9146; Goldman, Sachs & Co. at Attn:
Prospectus Department, 200 West Street, New York, NY 10282, emailing prospectus-ny@ny.email.gs.com,
calling 1-212-902-1171 or faxing 1-212-902-9316; J.P. Morgan Securities
LLC at Attn.: HY Syndicate, 383 Madison Avenue, 3rd floor, New York, NY
10179 or calling collect 1-212-834-4533; or Merrill Lynch, Pierce,
Fenner & Smith Incorporated at Attn.: Prospectus Department, 222
Broadway, 11th Floor, New York, NY 10038, emailing dg.prospectus_requests@baml.com
or calling toll free 1-800-294-1322.
About Sprint
Sprint is a communications services company that creates more and better
ways to connect its customers to the things they care about most. Sprint
served nearly 56 million connections as of December 31, 2014, and is
widely recognized for developing, engineering and deploying innovative
technologies, including the first wireless 4G service from a national
carrier in the United States; leading no-contract brands including
Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant
national and international push-to-talk capabilities; and a global Tier
1 Internet backbone. Sprint has been named to the Dow Jones
Sustainability Index (DJSI) North America for the past four years.
Cautionary Note Regarding Forward-Looking Statements
This news release includes “forward-looking statements” within the
meaning of the securities laws. The statements in this news release
regarding Sprint Corporation’s current expectations and beliefs as to
the consummation of the offering of notes and uses of proceeds thereof,
as well as other statements that are not historical facts, are
forward-looking statements. Forward-looking statements are estimates and
projections reflecting management's judgment based on currently
available information and involve a number of risks and uncertainties
that could cause actual results to differ materially from those
suggested by the forward-looking statements. All information set forth
in this release is as of February 19, 2015. Sprint Corporation does not
intend, and undertakes no duty, to update this information to reflect
future events or circumstances. Information about certain potential
factors that could affect our business and financial results and cause
actual results to differ materially from those expressed or implied in
any forward-looking statements are included from time to time in our
filings with the Securities and Exchange Commission, including Part I,
Item 1A “Risk Factors” of our Transition Report on Form 10-K for the
period ended March 31, 2014.
Contacts:
Sprint Corporation
Investor Contact:
Jud Henry,
800-259-3755
Investor.Relations@sprint.com
or
Media
Contact:
Scott Sloat, 240-855-0164
Scott.Sloat@sprint.com
Source: Sprint Corporation
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