T-Mobile Announces Proposed Public Offering of Senior Notes

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T-Mobile US, Inc. (NASDAQ: TMUS) announced Tuesday that T-Mobile USA, Inc., its direct wholly-owned subsidiary, plans to offer, subject to market and other conditions, up to $3.0 billion aggregate principal amount of senior notes, to be issued in three tranches with maturities in 2026, 2029 and 2031 in a registered public offering.

T-Mobile USA intends to use $2.0 billion of the net proceeds from the offering of the notes to acquire spectrum licenses pursuant to the FCC’s C-band spectrum Auction 107, with any remainder to be used first to redeem the Issuer’s 6.500% Senior Notes due 2026 and then for refinancing existing indebtedness on an ongoing basis. 

Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc;, Deutsche Bank Securities Inc; Goldman Sachs & Co. LLC; Barclays Capital Inc.; J.P. Morgan Securities LLC; Morgan Stanley & Co. LLC and RBC Capital Markets, LLC are the joint book-running managers for the offering of the notes.

The Issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (SEC) for the offering. Before investing, T-Mobile advises readers to read the prospectus in the registration statement and the related prospectus supplement and other documents the issuer will file with the SEC. Get these documents for free by visiting EDGAR on the SEC Website at: http://www.sec.gov

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