Company Website:
http://www.t-mobile.com
BELLEVUE, Wash. -- (Business Wire)
T-Mobile US, Inc. (NASDAQ: TMUS) (“T-Mobile”) announced today that
T-Mobile USA, Inc. (“T-Mobile USA”), a wholly-owned subsidiary, has
agreed to sell $1.0 billion aggregate principal amount of 4.500% Senior
Notes due 2026 (the “2026 notes”) and $1.5 billion aggregate principal
amount of 4.750% Senior Notes due 2028 (the “2028 notes” and together
with the 2026 notes, the “notes”) in a registered public offering. The
offering of the notes is scheduled to close on January 25, 2018, subject
to satisfaction of customary closing conditions.
T-Mobile intends to use the net proceeds from the offering of the notes
to redeem up to $1.75 billion in aggregate principal amount of T-Mobile
USA’s 6.625% senior notes due 2023 and up to $600 million in aggregate
principal amount of T-Mobile USA’s 6.836% senior notes due 2023, with
the balance to be used for general corporate purposes, including partial
paydown of borrowings under T-Mobile USA’s revolving credit facilities.
Deutsche Bank Securities Inc., Barclays Capital Inc., J.P. Morgan
Securities LLC and Morgan Stanley & Co. LLC are the joint book-running
managers for the offering of the notes.
T-Mobile also announced today that Deutsche Telekom AG (“DT”),
T-Mobile’s majority stockholder, has agreed to purchase $1.0 billion
aggregate principal amount of 4.500% Senior Notes due 2026 and $1.5
billion aggregate principal amount of 4.750% Senior Notes due 2028
(collectively, the “DT notes”) directly from T-Mobile USA in a private
placement with no underwriting discount. The DT notes are scheduled to
be issued on or about April 30, 2018, subject to satisfaction of
customary closing conditions. The DT notes will have substantially the
same terms and conditions as each of the 2026 notes and 2028 notes, as
applicable, other than issue date, issue price, registration rights and
CUSIP. The DT notes will be issued under separate supplemental
indentures and will each constitute a separate series from the notes for
all purposes, including voting.
T-Mobile intends to use the net proceeds from the DT notes to refinance
existing debt, including $2.5 billion in aggregate principal amount of
its redeemable notes held by DT.
The Issuer has filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (“SEC”) for the
offering of the notes to which this communication relates. Before you
invest, you should read the prospectus in that registration statement
and the related prospectus supplement and other documents the Issuer
will file with the SEC for more complete information about the Issuer
and the offering of the notes. You may get these documents for free by
visiting EDGAR on the SEC Web site at http://www.sec.gov. Alternatively,
the Issuer, any underwriter or any dealer participating in the offering
of the notes will arrange to send you the prospectus and related
prospectus supplement if you request it by contacting Deutsche Bank
Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York,
New York 10005-2836, by telephone at (800) 503-4611 or by email at prospectus.cpdg@db.com;
Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, New York 11717, Email: Barclaysprospectus@broadridge.com,
Telephone: (888) 603-5847; J.P. Morgan Securities LLC, 383 Madison
Avenue, 3rd Floor, New York, New York 10179, Attention: Syndicate Desk,
Telephone 800-245-8812.; or Morgan Stanley & Co.LLC,
Attention: Prospectus Department; 180 Varick Street, New York, NY 10014,
by telephone at (866) 718-1649, or by email at prospectus@morganstanley.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be any
sales of these securities in any jurisdiction in which such offer,
solicitation or sales would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
Forward-Looking Statements
This press release contains forward-looking statements that are based
on T-Mobile management’s current expectations. Such statements include,
without limitation, statements about the expected closing of
the offering of the notes and the DT notes and statements regarding the
intended use of proceeds from the offering of the notes and the DT
notes. Such forward-looking statements are subject to certain risks,
uncertainties and assumptions, including, without limitation, prevailing
market conditions, difficulties in executing the offering of the notes
and the DT notes and other factors. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those expected. More
information about potential risk factors that could affect T-Mobile and
its results is included in T-Mobile’s filings with the SEC, which are
available at http://www.sec.gov.
Source: T-Mobile US, Inc.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180122006640/en/
Contacts:
T-Mobile US, Inc.
Press:
Media Relations
mediarelations@t-mobile.com
http://newsroom.t-mobile.com
or
Investor
Relations:
Nils Paellmann, 877-281-TMUS or 212-358-3210
investor.relations@t-mobile.com
http://investor.t-mobile.com
Source: T-Mobile US, Inc.
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