The Firm recently represented JPMorgan Chase Bank, N.A. in arranging $6 billion in senior secured credit facilities for Sprint Communications, Inc., consisting of a $4 billion term loan facility and a $2 billion revolving credit facility. The new senior secured credit facilities will be available for general corporate purposes, including the refinancing of debt and the financing of capital expenditures.
Sprint is a communications company offering a comprehensive range of wireless and wireline communications products and services that are designed to meet the needs of consumers, businesses, government subscribers and resellers. Sprint is one of the largest wireless communications companies in the United States, serving more than 58 million customers at the end of 2015.
The Simpson Thacher team included Patrick Ryan, Dan Kay, Adam Weiner, Derek Stueben, Eric Fischer and Christine Turner (Banking and Credit); Art Robinson and David Azarkh (Capital Markets); Janet Nadile and Jon Pall (Collateral); Taylor Weinstein (Tax); Genevieve Dorment and Cece Xie (IP); and Paul Koppel (ECEB).