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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.

more info at Sprint »



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Subject Author Date
Note? Is that like a bond? T Bone Aug 9, 2012, 5:30 PM
Another great Note sale option... Naytess Aug 9, 2012, 2:50 PM
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