T-Mobile Announces Redemption of Sprint 7.625% Notes due February 15, 2025
T-Mobile US, Inc. (NASDAQ: TMUS) has announced that its wholly-owned subsidiary, Sprint , will redeem the full $1,500,000,000 outstanding aggregate principal amount of its 7.625% Notes due February 15, 2025 (CUSIP No. 85207U AJ4). The redemption will take place on November 15, 2024, at a redemption price equal to 100% of the principal amount, plus accrued but unpaid interest up to, but not including, the redemption date.
The redemption payment will be processed through The Depository Trust Company facilities. The Bank of New York Mellon Trust Company, N.A. serves as the trustee and paying agent for the notes. T-Mobile clarifies that this press release does not constitute a formal notice of redemption or an offer to sell or buy securities.
T-Mobile US, Inc. (NASDAQ: TMUS) ha annunciato che la sua controllata, Sprint, riacquisterà l'intero importo principale di $1.500.000.000 relativo ai suoi 7,625% Notes in scadenza il 15 febbraio 2025 (CUSIP No. 85207U AJ4). Il riacquisto avverrà il 15 novembre 2024, ad un prezzo di riacquisto pari al 100% dell'importo principale, più gli interessi accumulati ma non pagati fino alla data di riacquisto.
Il pagamento del riacquisto sarà elaborato tramite le strutture della The Depository Trust Company. La Bank of New York Mellon Trust Company, N.A. funge da fiduciario e agente di pagamento per i titoli. T-Mobile chiarisce che questo comunicato stampa non costituisce una notifica formale di riacquisto né un'offerta di vendita o acquisto di titoli.
T-Mobile US, Inc. (NASDAQ: TMUS) ha anunciado que su filial de propiedad total, Sprint, redimirá el monto principal total de $1,500,000,000 de sus Notas al 7.625% que vencen el 15 de febrero de 2025 (CUSIP No. 85207U AJ4). La redención tendrá lugar el 15 de noviembre de 2024, a un precio de redención igual al 100% del monto principal, más los intereses acumulados pero no pagados hasta, pero sin incluir, la fecha de redención.
El pago de la redención se procesará a través de las instalaciones de The Depository Trust Company. The Bank of New York Mellon Trust Company, N.A. actúa como fideicomisario y agente pagador de las notas. T-Mobile aclara que este comunicado de prensa no constituye un aviso formal de redención ni una oferta para vender o comprar valores.
T-Mobile US, Inc. (NASDAQ: TMUS)는 전액 출자 자회사인 Sprint가 총 약정원금 $1,500,000,000 전액을 상환할 것이라고 발표했습니다. 이 금액은 2025년 2월 15일 만기되는 7.625% 노트에 해당합니다 (CUSIP No. 85207U AJ4). 상환은 2024년 11월 15일에 이루어지며, 상환 가격은 원금의 100%에, 상환일 이전까지의 누적 미지급 이자를 추가한 금액과 같습니다.
상환 금액은 The Depository Trust Company 시설을 통해 처리됩니다. The Bank of New York Mellon Trust Company, N.A.는 이 노트의 신탁자 및 지급 대행사 역할을 합니다. T-Mobile은 이 보도자료가 공식적인 상환 통지나 증권 매매에 대한 제안이 아니라는 점을 분명히 했습니다.
T-Mobile US, Inc. (NASDAQ: TMUS) a annoncé que sa filiale entièrement détenue, Sprint, rémunérera le montant principal total de 1 500 000 000 $ de ses obligations à 7,625% arrivant à échéance le 15 février 2025 (CUSIP n° 85207U AJ4). La rémunération aura lieu le 15 novembre 2024, à un prix de rachat égal à 100% du montant principal, plus les intérêts courus mais non payés jusqu'à, mais non inclus, la date de rachat.
Le paiement de la rémunération sera traité via les installations de la Depository Trust Company. La Bank of New York Mellon Trust Company, N.A. agit en tant que fiduciaire et agent payeur pour les obligations. T-Mobile précise que ce communiqué de presse ne constitue pas un avis formel de rachat ni une offre de vente ou d'achat de titres.
T-Mobile US, Inc. (NASDAQ: TMUS) hat angekündigt, dass ihre hundertprozentige Tochtergesellschaft Sprint den gesamten ausstehenden Kapitalbetrag von $1.500.000.000 ihrer 7,625%-Anleihen, die am 15. Februar 2025 fällig werden (CUSIP Nr. 85207U AJ4), zurückkaufen wird. Der Rückkauf findet am 15. November 2024 zu einem Rückkaufpreis von 100% des Kapitalbetrags zuzüglich aufgelaufenen, aber nicht gezahlten Zinsen bis, jedoch nicht einschließlich, des Rückkauftages statt.
Die Rückzahlung wird über die Einrichtungen der Depository Trust Company abgewickelt. Die Bank of New York Mellon Trust Company, N.A. fungiert als Treuhänder und Zahlungsagent für die Anleihen. T-Mobile stellt klar, dass diese Pressemitteilung keine formelle Rückkaufmitteilung oder ein Angebot zum Verkauf oder Kauf von Wertpapieren darstellt.
- Redemption of $1.5 billion in notes, potentially reducing long-term debt
- Early redemption may indicate strong cash position or improved financial outlook
- Loss of 7.625% yield for noteholders
- Potential increase in short-term cash outflow for T-Mobile
Insights
T-Mobile's decision to redeem
This early redemption indicates strong cash flow and liquidity position for T-Mobile. It's a positive sign for the company's financial health and debt management strategy. However, investors should consider the opportunity cost of using
The move also simplifies T-Mobile's capital structure by further integrating Sprint's legacy debt. This could potentially improve the company's credit profile and borrowing terms for future financing needs. Overall, this debt reduction aligns with T-Mobile's post-merger strategy to optimize its balance sheet and financial flexibility.
Payment of the redemption price for the notes will be made through the facilities of The Depository Trust Company. The Bank of New York Mellon Trust Company, N.A. is the trustee and paying agent for the notes.
This press release shall not constitute a notice of redemption with respect to the notes. 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.
No representation is made as to the correctness or accuracy of the CUSIP number for the notes listed above. The CUSIP number is included solely for the convenience of the holders of notes.
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 redemption 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 Securities and Exchange Commission, which are available at http://www.sec.gov.
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T-Mobile US Media Relations
MediaRelations@T-Mobile.com
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Investor Relations
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Source: T-Mobile
FAQ
When will T-Mobile (TMUS) redeem Sprint's 7.625% Notes?
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