BELLEVUE, Wash., May 9, 2023–(BUSINESS WIRE)–T-Mobile US, Inc. (NASDAQ: TMUS) (“T-Mobile”) announced today that T-Mobile USA, Inc., its direct A subsidiary of T-Mobile USA, Inc.’s subsidiary (“T-Mobile USA” or the “Issuer”), has agreed to issue aggregate principal amount of $900,000,000 of its 4.800% senior notes due 2028 (the “2028 Notes” ), $1,350,000,000 in aggregate principal amount of its 5.050% Senior Notes due 2033 (the “New 2033 Notes”) and an aggregate principal amount of $1,250,000,000 of its 5.750% Senior Notes due 2054 (the “ 2054 Notes”, and together with the 2028 Notes and the New 2033 Notes, the “Notes”) in a registered public offering. The New 2033 Notes represent an additional issuance of T-Mobile USA’s 5.050% senior notes due 2033, an aggregate principal amount of $1,250,000,000 of which was issued on February 9, 2023.
The offering of the Notes is scheduled to close on May 11, 2023, subject to the satisfaction of customary closing conditions. T-Mobile USA intends to use the net proceeds from the offering for general corporate purposes, which may include, among other things, stock repurchases and the ongoing refinancing of existing debt.
Barclays Capital Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, JP Morgan Securities LLC, BNP Paribas Securities Corp., Commerz Markets LLC, Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, Santander US Capital Markets LLC, SG Americas Securities, LLC, SMBC Nikko Securities America, Inc., TD Securities (USA) LLC, Truist Securities, Inc., US Bancorp Investments, Inc. and Wells Fargo Securities, LLC are the joint accountants for the offering of the Notes. Co-managers are ING Financial Markets LLC, NatWest Markets Securities Inc., PNC Capital Markets LLC, Scotia Capital (USA) Inc., Academy Securities, Inc. and Penserra Securities LLC.
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The Issuer has filed with the Securities and Exchange Commission (“SEC”) a registration statement (including a prospectus) for the offering of Notes to which this announcement relates. Before investing, you should read the prospectus contained in this registration statement and the related prospectus supplement, as well as other documents the issuer has filed with the SEC for more complete information about the issuer and the offering of the Notes. You can obtain these documents free of charge by visiting EDGAR on the SEC’s website at http://www.sec.gov. Alternatively, the Issuer, any underwriter or any dealer participating in the offering of Notes will arrange for the prospectus and related supplement to be sent to you upon your request by writing to Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at [email protected] or by phone at 1-888-603-5847; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at [email protected] or by phone at 1-800-831-9146; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by email at [email protected] or by phone at 1-866-471-2526; or JP Morgan Securities LLC, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling 1-866-803-9204.
This press release does not constitute an offer to sell or the solicitation of an offer to purchase the Notes, the related warranties or other securities, nor does it constitute an offer, solicitation or sale in any jurisdiction where such offer, any such solicitation or sale taking place is unlawful.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based on the current expectations of T-Mobile management. Such statements include, without limitation, statements regarding the expected completion of the offering of the Notes and statements regarding the intended use of the proceeds from the offering of the Notes. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, including but not limited to prevailing market conditions and other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those anticipated. Additional information regarding potential risk factors that could affect T-Mobile and its results are contained in T-Mobile’s filings with the SEC, which are available at http://www.sec.gov.
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