OVERLAND PARK, Kan.--(BUSINESS WIRE)--Aug. 10, 2009--
Sprint Nextel (NYSE:S) today announced that it has priced a $1.3 billion
underwritten public offering of 8.375 percent senior notes due 2017. The
notes will be issued under an indenture between Sprint Nextel
Corporation and The Bank of New York Trust Company, N.A., as trustee.
The terms of the notes include those stated in the indenture and those
made part of the indenture by reference to the Trust Indenture Act of
J.P. Morgan Securities Inc., Citigroup Global Markets Inc. and Wells
Fargo Securities, LLC are joint book-running managers. Interested
parties may obtain a written prospectus by visiting EDGAR on the SEC
website at http://www.sec.gov
or by contacting J.P. Morgan Securities Inc. collect at 1-212-834-4533,
Citigroup Global Markets Inc. toll-free at 1-877-858-5407 or Wells Fargo
Securities, LLC toll-free at 1-800-326-5897.
The net proceeds from the offering will be used for general corporate
purposes. The sale of the notes is expected to close on August 13, 2009.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would
be unlawful prior to the registration or qualification under the
securities laws of any such state.
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Source: Sprint Nextel