US mobile operator Sprint plans to offer approximately US$2bn of notes due 2020 and 2017 in a private transaction. The 2020 notes will be guaranteed by the company’s wholly-owned subsidiaries that guarantee its existing credit agreements, the company…
US mobile operator Sprint plans to offer approximately US$2bn of notes due 2020 and 2017 in a private transaction. The 2020 notes will be guaranteed by the company’s wholly-owned subsidiaries that guarantee its existing credit agreements, the company announced.
Sprint intends to use the net proceeds from the offering for general corporate purposes including debt repayments, network expansion and also modernization and potential funding of Clearwire Corporation and its subsidiary Clearwire Communications.
