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Sprint Corp Announces Pricing Of $2.25 Billion Of Notes Due 2021 And $4.25 Billion Of Notes Due 2023


Wednesday, 4 Sep 2013 06:14pm EDT 

Sprint Corp announced that it has priced its previously announced offering of $2.25 billion aggregate principal amount of 7.250% Notes due 2021 (2021 Notes) and $4.25 billion aggregate principal amount of 7.875% Notes due 2023 (together with the 2021 Notes, the Notes) each to be guaranteed by Sprint Communications, Inc. The sale of the Notes is expected to be completed on September 11, 2013, subject to customary closing conditions. The Company intends to use the net proceeds from the offering of the Notes for general corporate purposes, which may include, among other things, redemptions or service requirements of outstanding debt and network expansion and modernization.