Sprint Nextel Announces Senior Notes Offering.RESTON, Va. -- Sprint Nextel (NYSE NYSE See: New York Stock Exchange :S) today announced that it has priced a $2.0 billion underwritten public offering of 6.00 percent senior notes due 2016. The notes will be issued under an indenture between Sprint Nextel Corp. and The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. 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 1939. The notes will rank equally with Sprint Nextel Corp.'s other indebtedness. Banc of America Securities LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. are joint book-running managers. Interested parties may obtain a written prospectus from Banc of America Securities LLC, Prospectus Department, 100 West 33rd Street, 3rd Floor, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York 10001, Citigroup Global Markets Inc., 388 Greenwich St., New York, NY 10013 and J.P. Morgan Securities Inc., 270 Park Ave., New York, NY 10017, Attention: High Grade Securities Desk. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering will be used for general corporate purposes, which may include funding the repayment of all or a portion of the 6.00 percent Senior Notes due Jan. 15, 2007, of Sprint Capital Corp., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , of which approximately $1.6 billion were outstanding as of Sept. 30, 2006. The sale of the debt securities is expected to close on Nov. 20, 2006. 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 registration or qualification under the securities laws of any such state. About Sprint Nextel Sprint Nextel offers a comprehensive range of wireless and wireline communications services. |
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