T-Mobile subsidiary announces debt offering
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T-Mobile USA, Inc. a direct wholly-owned subsidiary of T-Mobile US (NASDAQ:TMUS) intends to offer senior notes in a registered public offering.
Terms and VolumesÂ of the notesÂ have yet to be determined.
The company intends to use the net proceeds for general corporate purposes, which may include among other things, share repurchases and refinancing of existing indebtedness on an ongoing basis.
"Despite valuation analysis suggesting T-Mobile US, Inc. undervaluation I believe the discount is fair and prefer to wait on the sidelines in case potential hints of positive catalysts pop up," says SA contributor Dair Sansyzbayev.
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