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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Sunday, January 28, 6:14 AM

Slide #197. T-Mobile US, Inc. Preferred Stock Offering

Company: T-Mobile US, Inc. (NASDAQ:TMUS)
Date announced: 12/8/2014
Shares Offered: 17,391,305
Date of Pricing: 12/10/2014
Price Per Share: $50
Preferred Stock Offering Details: T-Mobile US, Inc. (NYSE:TMUS) ("T-Mobile") announced today that it is commencing a registered public offering of 17,391,305 shares of its Mandatory Convertible Preferred Stock, Series A, with a liquidation preference of $50 per share. T-Mobile expects to use the net proceeds from this offering for general corporate purposes, including capital investments and acquisition of additional spectrum unrelated to spectrum it may obtain in the Federal Communications Commission's pending AWS-3 spectrum auction. T-Mobile intends to grant the underwriters the option to purchase up to an additional 2,608,695 shares of its Mandatory Convertible Preferred Stock. - updated 12/10 - T-Mobile US, Inc. (NYSE:TMUS) ("T-Mobile") announced today the pricing of its registered public offering of 17,391,305 shares of 5.50% Mandatory Convertible Preferred Stock, Series A, at a price of $50.00 per share. The net proceeds to T-Mobile are expected to be approximately $854.1 million, 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 2,608,695 shares of Mandatory Convertible Preferred Stock 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 Mandatory Convertible Preferred Stock, for general corporate purposes, including capital investments and acquisition of additional spectrum unrelated to spectrum it may obtain in the Federal Communications Commission's pending AWS-3 spectrum auction.

T-Mobile US, together with its subsidiaries, is a provider of mobile communications services, including voice, messaging and data, under its brands, T-Mobile and MetroPCS, in the U.S., Puerto Rico and the U.S. Virgin Islands. Co. provides mobile communications services primarily using 4G Long-Term Evolution technology. Co. also provides wireless devices, including handsets, tablets and other mobile communication devices, and accessories for sale, as well as financing through equipment installment plans and leasing through JUMP On Demand™. Additionally, Co. provides reinsurance for handset insurance policies and extended warranty contracts provided to Co.'s mobile communications customers.

Preferred: TMUS.PRA


Open the TMUS Page at Ru Back Packer »

Name: T-Mobile US Inc
Website: T-Mobile.com
Sector: Communications Services
Number of ETFs Holding TMUS: 51 (see which ones)
Total Market Value Held by ETFs: $615,068,515
Total Market Capitalization: $54,078,000,000
% of Market Cap. Held by ETFs: 1.14%

Open the TMUS Page at Ru Back Packer (in a new window) »

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