BELLEVUE, Wash. - T-Mobile US, Inc. (NASDAQ: NASDAQ:TMUS), through its subsidiary T-Mobile USA, Inc., is set to issue $3 billion in senior notes in a public offering, with closing expected on January 12, 2024. The offering includes $1 billion of 4.85% notes due 2029, $1.25 billion of 5.15% notes due 2034, and $750 million of 5.50% notes due 2055.
The telecom giant plans to use the proceeds for general corporate activities, which may cover share repurchases, dividends as declared by the board, and refinancing of existing debt. The issuance is contingent on standard closing conditions.
A consortium of banks, including Citigroup Global Markets Inc., Goldman Sachs & Co (NYSE:GS). LLC, and Morgan Stanley & Co (NYSE:MS). LLC, are managing the offering, with several others serving as co-managers.
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