Sprint offers $2 billion in notes
(Reuters) - Sprint Nextel Corp (S.N) plans to raise $2 billion in debt in a private transaction, the company said on Monday.
Sprint, which is spending $7 billion on a network upgrade, said it would use the funds for general purposes, including its network upgrade or potential funding of Clearwire Corp CLWR.O, in which it already has a majority stake.
The No. 3 U.S. mobile provider said the notes would be due in 2017 and 2020. Sprint already sold $4 billion in bonds in November to help it fill a funding gap for its network upgrade and its commitment to pay more than $15 billion to Apple Inc (AAPL.O) for their iPhone agreement.
- Obama unveils U.S. immigration reform, setting up fight with Republicans |
- More arrests as protesters await Ferguson grand jury decision
- U.S., Iran in last-ditch bid to clinch historic nuclear deal
- 'Immoral, but not illegal': metal warehousing games in the spotlight
- U.S. House will fight Obama's immigration action: Boehner |