T-Mobile Prices 66.15M Share Offering at $25.00/Share

T-Mobile Prices 66.15M Share Offering at $25.00/Share

T-Mobile US (NYSE: TMUS) announced the pricing of an
underwritten public offering of 66,150,000 shares of T-Mobile’s common
stock at a price of $ 25.00 per share. The net proceeds to T-Mobile are
expected to be approximately $ 1.6 billion, after deducting underwriting
discounts and commissions, and other estimated offering expenses payable
by T-Mobile. In addition, the underwriters have an option to purchase up
to an additional 6,615,000 shares from T-Mobile. T-Mobile expects to use
the net proceeds from this offering, including net proceeds from any
exercise by the underwriters of their option to purchase additional
shares of T-Mobile’s common stock, for general corporate purposes,
including capital investments, enhancing its financial flexibility and
opportunistically acquiring additional spectrum in private party

See full press release

Posted-In: News Guidance Offerings Management Global

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