Sprint Completes New Bond Offering

[marioc21]

Sprint just sold $6.5 billion in bonds yesterday.  I guess we know how they'll fund at least some of that $16 billion in infrastructure they're planning on spending. 

 

http://finance.yahoo.com/news/sprint-announces-pricing-2-25-221400821.html

 

They have a little work left to do however.

 

http://www.bloomberg.com/news/2013-09-05/sprint-says-6-5-billion-junk-sale-may-trigger-covenant-breach.html?cmpid=yhoo

 

It'll be interesting to see how much of this goes into the bank and how much is used to pay off existing debt.

 

[irev210]

Sprint just sold $6.5 billion in bonds yesterday.  I guess we know how they'll fund at least some of that $16 billion in infrastructure they're planning on spending. 

 

http://finance.yahoo.com/news/sprint-announces-pricing-2-25-221400821.html

 

They have a little work left to do however.

 

http://www.bloomberg.com/news/2013-09-05/sprint-says-6-5-billion-junk-sale-may-trigger-covenant-breach.html?cmpid=yhoo

 

It'll be interesting to see how much of this goes into the bank and how much is used to pay off existing debt.

 

 

Bigger question is how much CLWR debt are they going to refinance.

 

Those 12% CLWR bonds in 2015 are going to go bye bye.

[marioc21]

Bigger question is how much CLWR debt are they going to refinance.

 

Those 12% CLWR bonds in 2015 are going to go bye bye.

 

Ahh, had completely forgotten about taking on CLWR's debt. That's probably where a good chunk of this is going.