Sprint Looking to Raise More Capital Via Note Sale
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.
Note? Is that like a bond?
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...
It sounds to me that if one can wait eight to ten years, the return is guaranteed.
Another great Note sale option...
Multi-carrier spread FTW
I'm (not so) patiently waiting...