T-Mobile Announces Proposed Offering of Senior Secured Notes

Rhea-AI Summary

T-Mobile US has announced plans for a private offering of senior secured notes, subject to market conditions. The offering is expected to finance general corporate purposes, including spectrum acquisitions and refinancing existing debt. The notes will be sold to qualified institutional buyers and will not be registered under the Securities Act, limiting their sale in the U.S. The company cautions that forward-looking statements about the offering are subject to various risks and uncertainties that could affect actual results.

Positive

• Plans to raise capital through senior secured notes offering.
• Intended use of proceeds includes financing spectrum acquisitions and refinancing debt.

Negative

• Notes will not be registered under the Securities Act, limiting liquidity for investors.
• Forward-looking statements carry risks and uncertainties that could materially affect actual results.

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”), plans to offer, subject to market and other conditions, senior secured notes (the “notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). T-Mobile USA intends to use the net proceeds from the offering for general corporate purposes, which may include among other things, financing acquisitions of additional spectrum and refinancing existing indebtedness on an ongoing basis.

The notes will be 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.

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.

This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

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 regarding the planned 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211201005614/en/

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's recent announcement regarding senior secured notes?

T-Mobile announced a private offering of senior secured notes to finance general corporate purposes, including spectrum acquisitions and refinancing existing debt.

What will T-Mobile use the proceeds from the senior secured notes for?

The proceeds will be used for general corporate purposes, specifically for financing spectrum acquisitions and refinancing existing indebtedness.

Who can purchase T-Mobile's senior secured notes?

The notes will be offered only to qualified institutional buyers in accordance with Rule 144A of the Securities Act.

What risks are associated with T-Mobile's forward-looking statements?

The forward-looking statements are subject to various risks and uncertainties that could impact actual results, including market conditions.

Will T-Mobile's senior secured notes be registered under the Securities Act?

No, the notes will not be registered and may not be sold in the United States unless an exemption from registration requirements applies.