T-Mobile Announces Proposed Public Offering of Senior Notes

Rhea-AI Summary

T-Mobile US (NASDAQ: TMUS) announced plans for a registered public offering of senior notes by its subsidiary, T-Mobile USA. The offering is subject to market conditions, and the company intends to utilize the net proceeds for general corporate purposes, which may include share repurchases and refinancing existing debt. Deutsche Bank, Morgan Stanley, RBC Capital Markets, and Wells Fargo are the joint book-running managers of this offering. The company has filed a registration statement with the SEC for this offering, and investors are encouraged to review the prospectus for detailed information.

Positive

• Intended use of proceeds includes share repurchases and refinancing debt, potentially enhancing shareholder value.

Negative

• Issuing senior notes could result in shareholder dilution if not managed appropriately.

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”), plans to offer, subject to market and other conditions, senior notes (the “notes”) in a registered public offering. T-Mobile USA intends to use the net proceeds from the offering for general corporate purposes, which may include among other things, share repurchases and refinancing of existing indebtedness on an ongoing basis.

Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC are the joint book-running managers for the offering of the notes.

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 Deutsche Bank Securities Inc., 1 Columbus Circle, New York, NY 10019, Attention: Prospectus Group, Telephone: (800) 503-4611, Email: prospectus.CPDG@db.com; Morgan Stanley, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department, Telephone: (866) 718-1649, Email: Prospectus@morganstanley.com; RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281, Telephone: (866) 375-6829, Fax: (212) 428-6308, Email: rbcnyfixedincomeprospectus@rbccm.com, Attention: Syndicate Operations; or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attention: WFS Customer Service, Email: wfscustomerservice@wellsfargo.com, Telephone: 1-800-645-3751.

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.

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 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/20230204005010/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 the purpose of T-Mobile's senior notes offering?

T-Mobile plans to use the proceeds mainly for general corporate purposes, including share repurchases and refinancing existing debt.

Who are the joint book-running managers for T-Mobile's notes offering?

The joint book-running managers include Deutsche Bank, Morgan Stanley, RBC Capital Markets, and Wells Fargo.

What risks are associated with T-Mobile's senior notes offering?

The offering is subject to market conditions and other factors, which could affect the actual results compared to T-Mobile's expectations.

Where can I find more information about T-Mobile's notes offering?

You can find more information by visiting the SEC's website or reviewing the prospectus filed by T-Mobile.