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Sprint (S) has decided to refinance $2.28B worth of debt. It's redeeming $1.17B worth of 5.95%...
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Friday, November 9, 2012, 12:37 PM ETSprint (S) has decided to refinance $2.28B worth of debt. It's redeeming $1.17B worth of 5.95% notes due 2014, and $1.11B worth of 7.375% notes due 2015, while issuing $2.28B worth of 6% notes due 2022. Many expect Sprint to use part of the $8B in proceeds it will get from the SoftBank (SFTBF.PK) deal to pare its $21B debt load. (PR)
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