T-Mobile Agrees To Raise $2B Via Institutional Senior Note Offering For Debt Financing
Author: Anusuya Lahiri | August 11, 2021 08:13am
- T-Mobile US Inc's (NASDAQ:TMUS) subsidiary T-Mobile USA, Inc has agreed to sell $1.3 billion 3.4% Senior Secured Notes due 2052 and $700 million 3.6% Senior Secured Notes due 2060 in a private institutional offering.
- The New 2060 Notes will constitute an additional issuance of T-Mobile USA's 3.6% Senior Secured Notes due 2060, including the $1 billion issued on Oct. 28.
- T-Mobile USA will utilize the offering proceeds, together with cash on hand, to redeem its 4.5% Senior Notes due 2026 and 4.5% Senior Notes due 2026-1 held by Deutsche Telekom AG (OTC:DTEGF) (OTC:DTEGY).
- T-Mobile US held $7.8 billion in cash and equivalents and $65.9 billion in long-term debt as of Jun. 30.
- T-Mobile shares have gained 6.2% year-to-date.
- Price Action: TMUS shares closed higher by 0.15% at $143.20 on Tuesday.
Posted In: DTEGF DTEGY TMUS