T-Mobile Announces Proposed Public Offering of Senior Notes

Rhea-AI Summary

T-Mobile US, Inc. (NASDAQ: TMUS) has announced that its subsidiary, T-Mobile USA, Inc., plans to offer senior notes in a registered public offering, subject to market conditions. The net proceeds from this offering will be used for general corporate purposes, which may include share repurchases, dividends, and refinancing existing debt.

J.P. Morgan Securities , Morgan Stanley & Co. , RBC Capital Markets, , and Wells Fargo Securities, are acting as joint book-running managers for the offering. T-Mobile USA has filed a registration statement with the SEC, and interested investors are advised to read the prospectus and related documents for complete information about the offering.

Positive

• Potential to strengthen financial position through debt refinancing
• Flexibility for share repurchases and dividend payments
• Opportunity to optimize capital structure

Negative

• Increased debt load may impact financial ratios
• Potential dilution of shareholder value if new shares are issued
• Interest expenses may increase, affecting profitability

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, any dividends declared by T-Mobile’s Board of Directors and refinancing of existing indebtedness on an ongoing basis.

J.P. Morgan Securities LLC, 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 J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: Investment Grade Syndicate Desk, 3rd Floor, by telephone (collect) at 1-212-834-4533; Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, by telephone at +1 (866) 718-1649 or by email at Prospectus@morganstanley.com; RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281, by telephone at +1 (866) 375-6829 or by email at rbcnyfixedincomeprospectus@rbccm.com; and Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, by telephone at +1 (800) 645-3751 or by email at wfscustomerservice@wellsfargo.com.

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/20240921409944/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 (TMUS) proposed senior notes offering?

T-Mobile USA plans to use the net proceeds from the senior notes offering for general corporate purposes, which may include share repurchases, dividend payments, and refinancing existing indebtedness.

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

The joint book-running managers for T-Mobile's senior notes offering are J.P. Morgan Securities , Morgan Stanley & Co. , RBC Capital Markets, , and Wells Fargo Securities,

How can investors access information about T-Mobile's (TMUS) senior notes offering?

Investors can access information about T-Mobile's senior notes offering by visiting the SEC website at http://www.sec.gov or by contacting the joint book-running managers directly for the prospectus and related documents.

Is T-Mobile's (TMUS) senior notes offering a guaranteed investment?

No, T-Mobile's senior notes offering is not a guaranteed investment. The press release includes a cautionary statement, and investors should carefully read the prospectus and related documents for complete information about the risks involved.