Sprint Announces Waiver under Secured Equipment Facility
OVERLAND PARK, Kan. (BUSINESS WIRE), September 16, 2013 - Sprint Corporation (NYSE: S) announced today that Sprint Communications, Inc. entered into a waiver pursuant to which the lenders waived until December 31, 2013 any default of the quarterly leverage compliance test under Sprint Communications’ secured equipment facility that may otherwise result from Sprint Corporation’s previously announced issuance of notes on September 11, 2013. As previously announced, on September 11, 2013, Sprint Communications also received similar waivers under its revolving credit facility and its Export Development Canada loan agreement. Sprint has now received all necessary waivers under its credit facilities.
Sprint offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint served more than 53 million customers at the end of the second quarter of 2013 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. The American Customer Satisfaction Index rated Sprint as the most improved company in customer satisfaction, across all 47 industries, during the last five years. Newsweek ranked Sprint No. 3 in both its 2011 and 2012 Green Rankings, listing it as one of the nation’s greenest companies, the highest of any telecommunications company. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.