SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  Sprint retiring $2.28 billion in debt maturities

[November 12, 2012]

Sprint retiring $2.28 billion in debt maturities

Nov 12, 2012 (TELECOMWORLDWIRE via COMTEX) -- Sprint (NYSE: S) said it intends to redeem a portion of 2014 debt maturities with an aggregate principal amount of $1,169,886,500 on Nov. 19, 2012.

The securities comprising this debt retirement are the Nextel Communications, Inc. 5.95 percent notes due 2014.

The company also intends to redeem the remaining portion of 2015 debt maturities with an aggregate principal amount of approximately $1,109,960,000 on Nov. 19, 2012. The securities comprising this debt retirement are the Nextel Communications, Inc. 7.375 percent notes due 2015.


The 2014 and 2015 Nextel notes will be redeemed at par, plus accrued and unpaid interest until the redemption date. After this retirement, no 2014 or 2015 Nextel notes will remain outstanding.

The remaining outstanding principal balance of the company's 2013 and 2014 Note maturities is $300 million and $181 million, respectively.

Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users.

Comments on this story may be sent to tww.feedback@m2.com

[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.