Sprint Corp. and its wholly owned unit Sprint Communications Inc. reported the expiration and results of consent solicitation with respect to certain series of notes.
The company said May 14 that it received the consents required to effect certain amendments to the indenture, dated as of Sept. 11, 2013, governing 7.250% notes due 2021, 7.875% notes due 2023, 7.125% notes due 2024, 7.625% notes due 2025 and 7.625% notes due 2026.
Also, Sprint Communications received the consents required to effect certain amendments to the indenture, dated as of Nov. 20, 2006, governing 7.000% senior notes due 2020, 11.500% senior notes due 2021 and 6.000% senior notes due 2022.
The consent solicitations were conducted in connection with the U.S. carrier's agreement to merge with a wholly owned subsidiary of T-Mobile US Inc., with Sprint surviving, after which Sprint is expected to become a direct or indirect wholly owned subsidiary of T-Mobile USA Inc.
Separately, Sprint Capital Corp., a wholly owned finance subsidiary of Sprint Communications, has initiated a consent solicitation with respect to certain proposed amendments to the indenture, dated as of Oct. 1, 1998, governing 6.875% notes due 2028 and 8.750% notes due 2032.
The solicitation agent is J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. is acting as co-solicitation agent for the Sprint Capital consent solicitation.