Sprint Announces $1 Billion Senior Notes Offering
OVERLAND PARK, Kan., Feb. 20, 2018 /PRNewswire/ -- Sprint Corporation (NYSE: S) today announced that it has commenced an underwritten public offering of $1,000,000,000 aggregate principal amount of notes.
Sprint intends to use the net proceeds from the offering for general corporate purposes.
The joint book-running managers for the offering are J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
These securities are being offered pursuant to an effective shelf registration statement that has been filed with the Securities and Exchange Commission, and a preliminary prospectus supplement and accompanying prospectus describing the terms of the offering have been filed with the Securities and Exchange Commission. You may obtain a preliminary prospectus supplement and prospectus by visiting EDGAR on the SEC website at http://www.sec.gov or by contacting J.P. Morgan Securities LLC at Attn.: HY Syndicate, 383 Madison Avenue, 3rd Floor, New York, New York 10179 or calling collect at 1-212-834-4533 or Goldman Sachs & Co. LLC at 200 West Street, New York, New York 10282, Attn: Prospectus Department, calling 1-866-471-2526, by facsimile at 1-212-902-9316 or by e-mail at email@example.com.
Sprint (NYSE: S) is a communications services company that creates more and better ways to connect its customers to the things they care about most. Sprint served 54.6 million connections as of December 31, 2017 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; leading no-contract brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone.
Cautionary Note Regarding Forward-Looking Statements
This news release includes "forward-looking statements" within the meaning of the securities laws. The statements in this news release regarding Sprint Corporation's current expectations and beliefs as to the consummation of the offering of notes and uses of proceeds thereof, as well as other statements that are not historical facts, are forward-looking statements. Forward-looking statements are estimates and projections reflecting management's judgment based on currently available information and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. All information set forth in this release is as of February 20, 2018. Sprint Corporation does not intend, and undertakes no duty, to update this information to reflect future events or circumstances. Information about certain potential factors that could affect our business and financial results and cause actual results to differ materially from those expressed or implied in any forward-looking statements are included from time to time in our filings with the Securities and Exchange Commission, including Part I, Item 1A. "Risk Factors" of our Annual Report on Form 10-K for the year ended March 31, 2017.
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SOURCE Sprint Corporation
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