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United States Cellular Corporation (NYSE: USM) will redeem all outstanding 7.25% Senior Notes due 2063 (NYSE: UZB) on May 12, 2021, totaling $275 million. Redemption will occur at 100% of the principal plus accrued interest. The company's CFO, Peter L. Sereda, emphasized that lowering balance sheet costs is a priority, enabling investments in opportunities like 5G. A notice of redemption is being sent to registered holders, with inquiries directed to respective brokerages.
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