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T-Mobile amends debt commitment letter related to merger with Sprint
By Sarah Lizee
Olympia, Wash., May 17 – T-Mobile USA, Inc. amended and restated its commitment letter on Tuesday to add new commitment parties and arrangers, according to an 8-K filing with the Securities and Exchange Commission.
As previously reported, the company received commitment for $11 billion of senior secured credit facilities and $27 billion of bridge loans in connection with its merger with Sprint Corp.
Barclays Bank plc, Credit Suisse Loan Funding LLC, Deutsche Bank Securities Inc., Goldman Sachs Bank USA, Morgan Stanley Senior Funding, Inc. and RBC Capital Markets LLC remain as joint lead arrangers, lead bookrunners and syndication agents.
Arrangers now also include BNP Paribas Securities Corp., Commerzbank AG, New York Branch, Credit Agricole CIB, TD Securities (USA) LLC, Wells Fargo Securities, LLC, Banco Santander, SA, New York Branch, SG Americas Securities, LLC, SunTrust Robinson Humphrey, Inc., National Westminster Bank plc, NatWest Markets plc and U.S. Bank NA.
Deutsche Bank is the administrative agent and Goldman Sachs is the agent on the senior secured bridge loan. The agent for the unsecured bridge loan was not named in the commitment letter.
Barclays, Credit Suisse, Deutsche Bank Securities, Deutsche Bank AG Cayman Islands Branch, Goldman Sachs, Morgan Stanley, Royal Bank of Canada, BNP Paribas Corp., Commerzbank, Credit Agricole, Toronto-Dominion Bank, New York Branch, Wells Fargo Bank, NA, Banco Santander, Societe Generale, SunTrust Bank, NatWest and U.S. Bank are the initial lenders.
T-Mobile is a Bellevue, Wash.-based wireless communications provider. Sprint is an Overland Park, Kan.-based communications services company. The combined company will be named T-Mobile and will have headquarters in Bellevue, Wash.
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