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Sprint Looking to Raise More Capital Via Note Sale

Article Comments  17  

Aug 9, 2012, 11:38 AM   by Eric M. Zeman   @phonescooper

Sprint today announced that it is planning another note offering in hopes of raising cash. Sprint is offering two different series of notes, with one set due in 2020 and another due in 2022. Once the sale is completed, Sprint will use the proceeds to fund general corporate purposes. Some of the capital may be used to retire debt, pay for network upgrades/modernization efforts, and possibly further fund Clearwire. Sprint didn't reveal how much cash it hopes to raise. Sprint held a similar note sale earlier this year and in late 2011.

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T Bone

Aug 9, 2012, 5:30 PM

Note? Is that like a bond?

You give them money today which they can then use to build the company and in return they promise to pay it back with interest later?

I have a few thousand dollars to invest....but I just don't feel like Sprint is a good investment....if I thought they had a chance to repay the money I might buy a few...
"Sprint Nextel Corp. (NYSE: S) announced today that it has commenced an underwritten public offering of notes due 2020 and notes due 2022."

It sounds to me that if one can wait eight to ten years, the return is guaranteed.

Aug 9, 2012, 2:50 PM

Another great Note sale option...

...would be if Sprint were to "sell" the Galaxy "Note" II if we can get Sammy to build a CDMA version.

Multi-carrier spread FTW Cool

I'm (not so) patiently waiting... Eh?
I read a rumor that the Verizon version will be called the Journal. Maybe Sprint could get in on that action.
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