OVERLAND PARK, Kan.--(BUSINESS WIRE)--Aug. 10, 2009-- Sprint Nextel (NYSE:S) today announced that it has priced a $1.3 billion underwritten public offering of 8.375 percent senior notes due 2017. The notes will be issued under an indenture between Sprint Nextel Corporation and The Bank of New York Trust Company, N.A., as trustee. The terms of the notes include those stated in the indenture and those made part of the indenture by reference to the Trust Indenture Act of 1939.
J.P. Morgan Securities Inc., Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are joint book-running managers. Interested parties may obtain a written prospectus by visiting EDGAR on the SEC website at http://www.sec.gov [1] or by contacting J.P. Morgan Securities Inc. collect at 1-212-834-4533, Citigroup Global Markets Inc. toll-free at 1-877-858-5407 or Wells Fargo Securities, LLC toll-free at 1-800-326-5897.
The net proceeds from the offering will be used for general corporate purposes. The sale of the notes is expected to close on August 13, 2009.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
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Source: Sprint Nextel
Sprint Nextel
Media Relations
James Fisher
703-433-8677
james.w.fisher@sprint.com [2]
or
Investor Relations
Yijing Brentano
800-259-3755
Investor.relations@sprint.com [3]
Links:
[1] http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=6026810&lan=en_US&anchor=http%3A%2F%2Fwww.sec.gov&index=1
[2] mailto:james.w.fisher@sprint.com
[3] mailto:Investor.relations@sprint.com