U.S. Cellular’s 7.25% $25-par notes due 2063 begin trading on NYSE

By Stephanie N. Rotondo

Phoenix, Dec. 9 – United States Cellular Corp.’s $275 million of 7.25% $25-par senior notes due Dec. 1, 2063 listed on the New York Stock Exchange on Tuesday.

The deal priced Dec. 1. The ticker symbol is “UZB.”

BofA Merrill Lynch, Morgan Stanley & Co. LLC, RBC Capital Markets, UBS Securities LLC and Wells Fargo Securities LLC were the joint bookrunning managers.

Interest will be payable on the first day of March, June, September and December, beginning in March 2015. The notes become redeemable at par plus accrued interest on or after Dec. 8, 2019.

Proceeds will be used for general corporate purposes.

The company is a Chicago-based wireless telecommunications services provider.

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