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Sprint prices upsized debt offering

Sprint Corp. priced an underwritten public offering of $1.50 billion of 7.625% notes due 2026.

The offering originally was for $1.00 billion of senior notes.

The company said Feb. 20 that the upsized offering is expected to close Feb. 22. Sprint intends to use the net proceeds for general corporate purposes.

The joint book-running managers for the offering are J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, Deutsche Bank Securities Inc. and Mizuho Securities USA LLC.