The Firm recently represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with a Rule 144A/Reg S offering by Sprint Corporation (“Sprint”) of $1 billion aggregate principal amount of its 7.25% Guaranteed Notes due 2028. Sprint intends to use the net proceeds from the offering to refinance debt.
Sprint (NYSE: S) is a communications company offering a comprehensive range of wireless and wireline communications products and services that are designed to meet the needs of individual consumers, businesses, government subscribers and resellers. Sprint offers wireless and wireline services to subscribers in all 50 states, Puerto Rico and the U.S. Virgin Islands.
The Simpson Thacher team for the transaction included Art Robinson, David Azarkh, Sung Bum Cho and Kyle Schwab (Capital Markets); Patrick Ryan, Dan Kay and Christine Marshall (Credit); Nicole Humphrey (Tax); Monisha Bhayana (ECEB); Corina McIntyre (IP); Mike Isby (Environmental); and Jennie Getsin (FINRA and Blue Sky).