T-Mobile To Raise $2.5B Via Debt For Buybacks and Growth

On Monday, T-Mobile US, Inc (NASDAQ:TMUS) disclosed plans to raise $2.5 billion through a secondary senior notes offering for general corporate purposes, including share repurchases, dividends, and refinancing of existing indebtedness. T-Mobile USA subsidiary looks to sell the $700 million aggregate principal amount of its 4.200% Senior Notes due 2029, the $900 million aggregate principal amount of its 4.700% Senior Notes due 2035, and the $900 million aggregate principal amount of its 5.250% Senior Notes due 2055. Recently, analysts re-rated T-Mobile after it shared its three-year plan, which focused ...