News: Telephone and Data Systems Inc (TDS.N)

TDS.N on New York Stock Exchange

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Wed, Feb 27 2013

TEXT - Fitch comments on Telephone & Data Systems Inc

Feb 27 - Fitch Ratings believes Telephone and Data Systems, Inc.'s (TDS) proposed acquisition of substantially all the assets of Baja Broadband, LLC (Baja) does not affect the company's credit profile in the near term given its relatively small size. Baja is a cable company with operations in New Mexico, Texas, Utah and Colorado. The acquisition combined with possible similar future investments could have long-term positive benefits in improving the revenue and earning diversification of TDS's

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New Issue- Telephone & Data Systems sells $175 mln in notes

Nov 26 - Telephone & Data Systems Inc on Monday sold $175 million of senior notes, said IFR, a Thomson Reuters service. The size of the deal was increased from the originally planned $100 million. Wells Fargo, Bank of America Merrill Lynch, Citigroup and UBS were the joint bookrunning managers for the sale. BORROWER: TDS AMT $175 MLN COUPON 5.875 PCT MATURITY 12/01/2061 TYPE NTS ISS PRICE 25 FIRST PAY 03/01/2013 MOODY'S Baa2 YIELD N/A

TEXT - Fitch rates Telephone & Data Systems notes 'BBB'

Nov 26 - fitch Ratings has assigned a 'BBB' long-term debt rating to Telephone and Data Systems, Inc.'s (TDS) proposed million unsecured senior notes due 2061. Proceeds from the offering will be used principally for general corporate purposes. The Rating Outlook is Negative. In Fitch's view, TDS has some flexibility to withstand operating challenges at its current rating category. The company has a good cash position, undrawn committed revolver lines, no material maturities in the next 20 ye

TEXT - S&P rates Telephone & Data Systems notes 'BBB-'

Nov 26 - Standard & Poor's Ratings Services today assigned its 'BBB-' issue-level rating to Telephone and Data Systems Inc.'s (TDS) proposed $200 million maximum senior unsecured notes due 2061. The existing ratings on TDS, including the 'BBB-' corporate credit rating and negative rating outlook, remain unchanged. As of Sept. 30, 2012, debt to EBITDA (adjusted for operating leases and post retirement obligations) was 2.1x, which we expect to remain in the low-2x area pro forma for the prop

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