T-Mobile USA announces $3.5 billion senior notes offering, set to close March 27, 2025, to fund corporate purposes, including debt refinancing and share repurchases.
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| T-Mobile USA to raise $3.5 billion through senior notes offering with funds aimed at corporate purposes including debt refinancing and potential share repurchases. Image: CH |
Bellevue, USA — March 25, 2025:
T-Mobile USA, a wholly-owned subsidiary of T-Mobile US, announced plans on Monday to sell $3.5 billion worth of senior notes as part of a registered public offering. The sale consists of three tranches: $1.25 billion in 5.125% Senior Notes due 2032, $1 billion in 5.300% Senior Notes due 2035, and $1.25 billion in 5.875% Senior Notes due 2055.
The offering is expected to close on March 27, 2025, pending the satisfaction of customary closing conditions. T-Mobile USA intends to utilize the net proceeds from the offering for general corporate purposes, including share repurchases, any dividends declared by the company’s Board of Directors, and refinancing existing indebtedness.
Barclays Capital Inc., Deutsche Bank Securities Inc., and Morgan Stanley & Co. LLC, along with several other institutions, will serve as joint book-running managers for the offering. A variety of additional co-managers will also participate in the process.
T-Mobile has filed a registration statement with the Securities and Exchange Commission (SEC) regarding the notes offering. Investors are advised to read the prospectus for more detailed information.