Sprint Corporation’s $1.5 Billion High Yield Notes Offering

Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, in connection with the public offering by Sprint Corporation (“Sprint”) of $1.5 billion aggregate principal amount of its 7.625% Notes due 2026.

The offering was upsized from $1 billion. The net proceeds from the offering were used for general corporate purposes.

Sprint is a communications company offering a comprehensive range of wireless and wireline communications products and services that are designed to meet the needs of individual consumers, businesses, government subscribers and resellers. Sprint offers wireless and wireline voice and data transmission services to subscribers in all 50 states, Puerto Rico and the U.S. Virgin Islands.

The Simpson Thacher team for the transaction included Art Robinson (Picture), Dave Azarkh, Jo Djekovic and Mike Cook (Capital Markets); Patrick Ryan and Dan Kay (Credit); Rob Holo and Nicole Humphrey (Tax); Monisha Bhayana and Adam Cohen (ECEB); Cece Xie (IP); Mike Isby (Environmental); and Jennie Getsin (FINRA and Blue Sky).

 

Involved fees earner: Arthur Robinson – Simpson Thacher & Bartlett; David Azarkh – Simpson Thacher & Bartlett; Josephine Djekovic – Simpson Thacher & Bartlett; Michael Cook – Simpson Thacher & Bartlett; Patrick Ryan – Simpson Thacher & Bartlett; Daniel Kay – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Monisha Bhayana – Simpson Thacher & Bartlett; Adam Cohen – Simpson Thacher & Bartlett; Cece Xie – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: JP Morgan Securities;

 

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Author: Ambrogio Visconti