Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Sprint Closes $1 Bln Of Notes Due 2017 And $1 Bln Of Guaranteed Notes Due 2020

RELATED NEWS
Trade S now with 

Sprint Nextel Corp. (S: Quote) announced that it has closed its offering of $1 billion aggregate principal amount of 9.125% Notes due 2017 and $1 billion aggregate principal amount of 7% Guaranteed Notes due 2020. The 2020 Notes are guaranteed by the company's subsidiaries that guarantee its existing credit agreements.

The company said that it plans to use the net proceeds from the offering of the Notes for general corporate purposes, which may include, among other things, redemptions or service requirements of outstanding debt, network expansion and modernization and potential funding of Clearwire Corporation and its subsidiary Clearwire Communications LLC.

Click here to receive FREE breaking news email alerts for Sprint Corporation and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Toyota Motor Corp. (TM, TYT.L) Thursday announced 1.1 percent decline in worldwide production for October, as there was a sharp decline in production of passenger cars in Japan. Production outside Japan improved 2.3 percent. In a separate announcement, the Japanese automaker said it will recall more... Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.