Courtesy of Benzinga.
T-Mobile US (NYSE: TMUS) (“T-Mobile”) announced today that it is
commencing an offering of 66,150,000 shares of its common stock in a
registered public offering. T-Mobile expects to use the net proceeds
from this offering for general corporate purposes, including capital
investments, enhancing its financial flexibility and opportunistically
acquiring additional spectrum in private party transactions and/or
government auctions. T-Mobile intends to grant the underwriters in this
offering the option to purchase up to an additional 6,615,000 shares of
its common stock.
Morgan Stanley & Co. LLC, Goldman, Sachs & Co., J.P. Morgan Securities
LLC, Credit Suisse Securities (USA) LLC and Deutsche Bank Securities
Inc. are the joint book-running managers for the offering.
