T-Mobile US, Inc. (TMUS, Financial) has announced the successful closing of an underwritten public offering by its wholly-owned subsidiary, T-Mobile USA, Inc. The offering, which took place on February 11, 2025, involved the issuance of €2.75 billion in aggregate principal amount of senior notes. This strategic financial maneuver includes €1.0 billion of 3.150% Senior Notes due 2032, €1.0 billion of 3.500% Senior Notes due 2037, and €750 million of 3.800% Senior Notes due 2045.
The notes were issued under an Indenture agreement, initially established on September 15, 2022, and subsequently amended through several supplemental indentures. Deutsche Bank Trust Company Americas serves as the trustee for these notes. The offering was registered under an automatic shelf registration statement filed with the SEC on May 1, 2023.
T-Mobile USA plans to list these notes on the Nasdaq Bond Exchange. The proceeds from this offering are earmarked for general corporate purposes, which may include share repurchases, dividend payments, and refinancing of existing debt. The obligations under these notes are guaranteed on a senior unsecured basis by T-Mobile US, Inc. and certain wholly-owned subsidiaries, subject to specific conditions outlined in the Indenture.
This move is part of T-Mobile's ongoing strategy to optimize its capital structure and enhance shareholder value. Investors and stakeholders will be keenly observing how these funds are utilized to drive growth and maintain the company's competitive edge in the telecommunications sector.
Should you invest in T-Mobile US Inc (TMUS, Financial) right now? Before you do it, it’s important to understand the business profitability and stock valuations, and find out what the warning signs are about. See the in-depth T-Mobile US Inc (TMUS) stock research here.
