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T-Mobile to redeem 6½% notes due 2026 using some new-note proceeds
By Taylor Fox
New York, March 16 – T-Mobile US, Inc. plans to redeem its 6½% senior notes due 2026 using some proceeds from its three-tranche offering of $3 billion senior notes, according to a news release.
The company also plans to acquire spectrum licenses using $2 billion of the proceeds.
Remaining proceeds from the new notes will be used to refinance existing debt.
T-Mobile is a Bellevue, Wash.-based wireless operator.
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