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T-Mobile Agrees to Sell €2.0 Billion of Euro-Denominated Senior Notes

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T-Mobile, Inc. has agreed to sell €2.0 billion of Euro-Denominated Senior Notes in a public offering, consisting of 3.550% Senior Notes due 2029, 3.700% Senior Notes due 2032, and 3.850% Senior Notes due 2036. The offering is set to close on May 8, 2024, and the proceeds will be used for general corporate purposes.

T-Mobile, Inc. ha concordato di vendere obbligazioni senior denominate in euro per un valore di 2,0 miliardi di euro in un'offerta pubblica, che comprende obbligazioni senior al 3,550% in scadenza nel 2029, al 3,700% in scadenza nel 2032 e al 3,850% in scadenza nel 2036. L'offerta si concluderà l'8 maggio 2024 e i proventi saranno utilizzati per scopi aziendali generali.
T-Mobile, Inc. ha acordado vender 2.000 millones de euros en Bonos Senior nominados en euros en una oferta pública, la cual incluye Bonos Senior al 3,550% con vencimiento en 2029, al 3,700% con vencimiento en 2032, y al 3,850% con vencimiento en 2036. La oferta se cerrará el 8 de mayo de 2024, y los ingresos se utilizarán para propósitos corporativos generales.
T-Mobile, Inc.가 공개 제안을 통해 유로화로 표시된 선임 차입증서 20억 유로를 판매하기로 합의했습니다. 이는 2029년 만기 3.550% 선임 차입증서, 2032년 만기 3.700% 선임 차입증서, 그리고 2036년 만기 3.850% 선임 차입증서를 포함합니다. 이 제안은 2024년 5월 8일에 마감되며, 수익금은 일반 기업 용도로 사용될 예정입니다.
T-Mobile, Inc. a convenu de vendre pour 2,0 milliards d'euros de billets seniors libellés en euros lors d'une offre publique, comprenant des billets seniors à 3,550% échéant en 2029, à 3,700% échéant en 2032, et à 3,850% échéant en 2036. L'offre sera clôturée le 8 mai 2024, et les fonds recueillis seront utilisés à des fins corporatives générales.
T-Mobile, Inc. hat zugestimmt, Euro-denominierte Senior Notes im Wert von 2,0 Milliarden Euro in einem öffentlichen Angebot zu verkaufen, einschließlich Senior Notes mit 3,550% fällig im Jahr 2029, 3,700% fällig im Jahr 2032 und 3,850% fällig im Jahr 2036. Das Angebot wird am 8. Mai 2024 abgeschlossen und die Erlöse werden für allgemeine Unternehmenszwecke verwendet.
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BELLEVUE, Wash.--(BUSINESS WIRE)-- T-Mobile US, Inc. (NASDAQ: TMUS) (“T-Mobile”) announced today that T-Mobile USA, Inc., its direct wholly-owned subsidiary (“T-Mobile USA” or the “Issuer”), has agreed to sell €600,000,000 aggregate principal amount of its 3.550% Senior Notes due 2029 (the “2029 Notes”), €750,000,000 aggregate principal amount of its 3.700% Senior Notes due 2032 (the “2032 Notes”) and €650,000,000 aggregate principal amount of its 3.850% Senior Notes due 2036 (the “2036 Notes,” and collectively with the 2029 Notes and the 2032 Notes, the “notes”) in a registered public offering.

The offering of the notes is scheduled to close on May 8, 2024, subject to satisfaction of customary closing conditions. T-Mobile USA intends to use the net proceeds from the offering for general corporate purposes, which may include among other things, share repurchases, any dividends declared by T-Mobile’s Board of Directors and refinancing of existing indebtedness on an ongoing basis.

Barclays Bank PLC, BNP Paribas, Deutsche Bank AG, London Branch, J.P. Morgan Securities plc, Citigroup Global Markets Limited, Goldman Sachs & Co. LLC, Morgan Stanley & Co. International plc, RBC Europe Limited, Société Générale, UBS AG London Branch, Wells Fargo Securities International Limited, Banco Santander, S.A., Commerzbank Aktiengesellschaft, Crédit Agricole Corporate & Investment Bank, Mizuho International plc, MUFG Securities EMEA plc, SMBC Nikko Capital Markets Limited, The Toronto-Dominion Bank, Truist Securities, Inc. and U.S. Bancorp Investments, Inc. are the joint book-running managers for the offering of the notes. ING Bank N.V., Belgian Branch, NatWest Markets Plc, PNC Capital Markets LLC and Scotiabank (Ireland) Designated Activity Company are acting as co-managers.

The Issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering of 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 has filed with the SEC for more complete information about the Issuer and the offering of 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 notes offering will arrange to send you the prospectus and related prospectus supplement if you request it by contacting Barclays Bank PLC, 1 Churchill Place, London E14 5HP, United Kingdom, Telephone: +1-888-603-5847, Email: LeadManagedBondNotices@barclayscorp.com; BNP Paribas, 10 Harewood Avenue, London NW1 6AA, United Kingdom, Email: dl.syndsupportbonds@uk.bnpparibas.com; Telephone (toll-free): +1 (800) 854-5674; Attention: Fixed Income Syndicate; Deutsche Bank AG, London Branch, 21 Moorfields, London EC2Y 9DB, United Kingdom, Attention: Prospectus Group, Telephone: +1 800-503-4611, Email: prospectus.CPDG@db.com and J.P. Morgan Securities plc, 25 Bank Street, Canary Wharf, London E14 5JP, United Kingdom, Attention: Head of International Syndicate, Telephone (for non-US investors): +44-20-7134-2468, Email: emea_syndicate@jpmorgan.com or J.P. Morgan Securities LLC (for U.S. investors) at +1-212-834-4533 (call collect).

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes, the related guarantees or any other securities, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) pursuant to Regulation (EU) 1286/2014 has been prepared as not available to retail in EEA.

Manufacturer target market (UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No UK PRIIPs key information document (KID) pursuant to Regulation (EU) 1286/2014 as it forms part of UK domestic law by virtue of the EUWA has been prepared as not available to retail in the UK.

Cautionary Statement Regarding 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 statements regarding the intended use of proceeds from the offering of the notes. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, including, without limitation, prevailing market conditions 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.

T-Mobile US Media Relations

MediaRelations@T-Mobile.com

or

Investor Relations

investor.relations@t-mobile.com

Source: T-Mobile US, Inc.

FAQ

What is T-Mobile selling in the public offering?

T-Mobile is selling €2.0 billion of Euro-Denominated Senior Notes, including 3.550% Senior Notes due 2029, 3.700% Senior Notes due 2032, and 3.850% Senior Notes due 2036.

When is the offering scheduled to close?

The offering is set to close on May 8, 2024, subject to customary closing conditions.

How will T-Mobile use the proceeds from the offering?

T-Mobile intends to use the net proceeds for general corporate purposes, which may include share repurchases, dividends, and refinancing of existing debt.

T-Mobile US, Inc.

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