Summary
T-Mobile US, Inc. (TMUS) has completed the settlement of its previously announced exchange offers and consent solicitations related to the acquisition of certain assets from Array Digital Infrastructure, Inc. (formerly United States Cellular Corporation). This transaction, which closed on August 1, 2025, has resulted in T-Mobile USA, Inc. issuing a significant aggregate principal amount of new senior notes across four different series, with maturities ranging from 2033 to 2070 and interest rates varying from 5.500% to 6.700%. These new notes, totaling approximately $1.67 billion, were issued under an amended indenture agreement. The 2069, March 2070, and June 2070 notes are expected to be listed on the Nasdaq Global Select Market, providing liquidity for investors. This issuance of debt signifies T-Mobile's financing strategy to support its recent acquisition and manage its capital structure. Investors should note the varying interest rates and maturity dates of these new debt instruments, as well as the senior unsecured guarantee provided by the parent company and certain subsidiaries.
Key Highlights
- 1T-Mobile US, Inc. settled exchange offers and consent solicitations tied to the acquisition of assets from Array Digital Infrastructure, Inc.
- 2T-Mobile USA, Inc. issued approximately $1.67 billion in new senior notes on August 5, 2025.
- 3The new notes include four series: 6.700% due 2033, 6.250% due 2069, 5.500% due March 2070, and 5.500% due June 2070.
- 4Interest payments for the 2033 Notes will be semi-annual, while the other series will have quarterly interest payments.
- 5The 2069, March 2070, and June 2070 Notes are expected to trade on the Nasdaq Global Select Market.
- 6The acquisition of assets from Array Digital Infrastructure, Inc. (formerly UScellular) officially closed on August 1, 2025.
- 7T-Mobile USA's obligations under the Notes are guaranteed on a senior unsecured basis by T-Mobile US, Inc. and certain subsidiaries.