T-Mobile Issues Billions in New Senior Notes

TL;DR

TMUS just dropped billions in new debt across 2029, 2032, and 2036 notes. Big financing move.

AI Summary

On September 26, 2024, T-Mobile US, Inc. filed an 8-K report detailing the issuance of new senior notes. These notes include $3.550 billion due in 2029, $3.700 billion due in 2032, and $3.850 billion due in 2036. The filing also includes exhibits related to these debt issuances and common stock.

Why It Matters

This filing indicates T-Mobile is raising significant capital through debt, which could be used for expansion, acquisitions, or refinancing existing debt, impacting its financial leverage and future growth strategies.

Risk Assessment

Risk Level: medium — Issuing substantial new debt increases financial leverage and interest expenses, which can pose risks if the company's future cash flows are insufficient to service the debt.

Key Numbers

• $3.55B — Senior Notes Due 2029 (Part of a significant debt issuance to raise capital.)
• $3.70B — Senior Notes Due 2032 (Part of a significant debt issuance to raise capital.)
• $3.85B — Senior Notes Due 2036 (Part of a significant debt issuance to raise capital.)

Key Players & Entities

• T-Mobile US, Inc. (company) — Registrant
• 3.550 Senior Notes Due 2029 (dollar_amount) — Debt issuance
• 3.700 Senior Notes Due 2032 (dollar_amount) — Debt issuance
• 3.850 Senior Notes Due 2036 (dollar_amount) — Debt issuance
• METROPCS COMMUNICATIONS INC (company) — Former company name

FAQ

Key Financial Figures

• $0.00001 — ich registered Common Stock, par value $0.00001 per share TMUS The NASDAQ Stock Mar
• $700 million — osed an underwritten public offering of $700 million in aggregate principal amount of its 4.
• $900 million — or Notes due 2029 (the " 2029 Notes "), $900 million in aggregate principal amount of its 4.
• $2.5 Billion — lease entitled "T-Mobile Agrees to Sell $2.5 Billion of Senior Notes." 104 Cover Page In

Filing Documents

• d832520d8k.htm (8-K) — 41KB
• d832520dex11.htm (EX-1.1) — 250KB
• d832520dex42.htm (EX-4.2) — 122KB
• d832520dex43.htm (EX-4.3) — 123KB
• d832520dex44.htm (EX-4.4) — 122KB
• d832520dex51.htm (EX-5.1) — 43KB
• d832520dex52.htm (EX-5.2) — 12KB
• d832520dex991.htm (EX-99.1) — 6KB
• d832520dex992.htm (EX-99.2) — 7KB
• g832520dsp140.jpg (GRAPHIC) — 3KB
• g832520g0924011357141.jpg (GRAPHIC) — 4KB
• g832520g0926100627328.jpg (GRAPHIC) — 4KB
• 0001193125-24-226980.txt ( ) — 1061KB
• tmus-20240926.xsd (EX-101.SCH) — 4KB
• tmus-20240926_def.xml (EX-101.DEF) — 13KB
• tmus-20240926_lab.xml (EX-101.LAB) — 23KB
• tmus-20240926_pre.xml (EX-101.PRE) — 14KB
• d832520d8k_htm.xml (XML) — 8KB

Financial Statements and Exhibits

Financial Statements and Exhibits. The following exhibits are provided as part of this Current Report on Form 8-K: (d) Exhibits: Exhibit No. Description 1.1 Underwriting Agreement, dated September 23, 2024, among T-Mobile USA, Inc., T-Mobile US, Inc., the other guarantors party thereto and the several underwriters named in Schedule 1 thereto for which J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC acted as representatives. 4.1 Indenture, dated as of September 15, 2022 by and among T-Mobile USA, Inc., the Company and Deutsche Bank Trust Company Americas, as trustee (incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed on September 15, 2022). 4.2 Nineteenth Supplemental Indenture, dated as of September 26, 2024, by and among T-Mobile USA, Inc., the Guarantors (as defined therein) and Deutsche Bank Trust Company Americas, as trustee, including the Form of 4.200% Senior Note due 2029. 4.3 Twentieth Supplemental Indenture, dated as of September 26, 2024, by and among T-Mobile USA, Inc., the Guarantors (as defined therein) and Deutsche Bank Trust Company Americas, as trustee, including the Form of 4.700% Senior Note due 2035. 4.4 Twenty-First Supplemental Indenture, dated as of September 26, 2024, by and among T-Mobile USA, Inc., the Guarantors (as defined therein) and Deutsche Bank Trust Company Americas, as trustee, including the Form of 5.250% Senior Note due 2055. 5.1 Opinion of Fried, Frank, Harris, Shriver & Jacobson LLP. 5.2 Opinion of Ryan Brady, Esq. 23.1 Consent of Fried, Frank, Harris, Shriver & Jacobson LLP (included in Exhibit 5.1). 23.2 Consent of Ryan Brady, Esq. (included in Exhibit 5.2). 99.1 Press release entitled "T-Mobile Announces Proposed Public Offering of Senior Notes." 99.2 Press release entitled "T-Mobile Agrees to Sell $2.5 Billion of Senior Notes." 104 Cover Page Interactive Data File (embed

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. T-MOBILE US, INC. September 26, 2024 /s/ Peter Osvaldik Name: Peter Osvaldik Title: Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR