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Sprint Corp announces pricing of $2.5 billion of notes due 2024


Monday, 9 Dec 2013 04:26pm EST 

Sprint Corp:Says it has priced its previously announced offering of $2.5 billion aggregate principal amount of 7.125 percent Notes due 2024 to be guaranteed by Sprint Communications, Inc.Says the sale of the Notes is expected to be completed on Dec. 12, subject to customary closing conditions.Says the company intends to use the net proceeds from the offering of the Notes for general corporate purposes, which may include, among other things, retirement or service requirements of outstanding debt and network expansion and modernization.Says. 

Company Quote

5.12
0.05 +0.99%
1:00pm EST