T-Mobile to raise $2.8 billion through senior notes offering

BELLEVUE, Wash. - T-Mobile US, Inc. (NASDAQ:TMUS), the $253 billion telecommunications giant with a "GOOD" financial health rating according to InvestingPro, announced Monday that its subsidiary, T-Mobile USA, Inc., plans to raise $2.8 billion through a public offering of senior notes with varying maturities.

The offering consists of $800 million in 4.625% Senior Notes due 2033, $1 billion in 4.950% Senior Notes due 2035, and $1 billion in 5.700% Senior Notes due 2056.

The telecommunications company expects the offering to close on October 9, 2025, subject to customary closing conditions. T-Mobile USA intends to use the proceeds for refinancing existing debt and general corporate purposes.

Barclays Capital, Citigroup Global Markets, Goldman Sachs, and Wells Fargo Securities are serving as joint book-running managers for the offering, alongside 16 additional financial institutions in various roles.

The notes are being offered under a registration statement filed with the Securities and Exchange Commission.

This announcement comes as part of T-Mobile’s ongoing financial management strategy. The company has filed the necessary documentation with the SEC for the offering, according to the press release statement.

In other recent news, T-Mobile US, Inc. announced plans for its subsidiary, T-Mobile USA, Inc., to offer senior notes in a registered public offering. The proceeds are intended for refinancing existing debt or general corporate purposes. Moody’s Ratings upgraded T-Mobile’s backed senior unsecured notes ratings to Baa1 from Baa2, with a stable outlook, reflecting a positive shift in the company’s credit profile. The company’s leadership is also undergoing a transition, as T-Mobile disclosed that Srini Gopalan will become President and CEO, effective November 1, 2025. Current CEO Michael Sievert will transition to the role of Vice Chairman, focusing on business strategy. In light of this transition, TD Cowen reiterated its Buy rating with a $291.00 price target, while Benchmark also maintained a Buy rating with a $275.00 price target. Bernstein SocGen Group reaffirmed a Market Perform rating with a $265.00 price target, underscoring varied analyst perspectives on T-Mobile’s future.

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