Seeking Alpha

T-Mobile USA announces $2B debt offering, shares +0.8% premarket

  • Just three days after pricing a $1.65B stock offering, T-Mobile USA has announced a $2B offering of senior notes due 2022 and 2024.
  • The #4 U.S. carrier, which has already disclosed its interest in a private spectrum purchase, says it will use the proceeds for "eneral corporate purposes, including capital investments, enhancing its financial flexibility and opportunistically acquiring additional spectrum in private party transactions and/or government auctions."
  • T-Mobile had $2.4B in cash/equivalents at the end of Q3, and $7B in debt. The company's stock/debt offerings stand to raise its cash balance to the ~$6B range, and its debt balance to ~$9B.
  • T-Mobile did a $500M debt offering in August.
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