T-Mobile US, Inc. 8-K
Research Summary
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T-Mobile US Announces Closing of €2.5B Euro-Denominated Senior Notes Offering
What Happened
T-Mobile US, Inc. (through subsidiary T‑Mobile USA, Inc.) announced on February 19, 2026 that it closed an underwritten public offering of €2.5 billion aggregate principal amount of euro‑denominated senior notes. The offering consisted of €750 million of 3.200% Senior Notes due 2032, €750 million of 3.625% Senior Notes due 2035 and €1.0 billion of 3.900% Senior Notes due 2038. The notes were issued under the company’s existing indenture arrangements and the offering was sold pursuant to an underwriting agreement dated February 12, 2026. T‑Mobile USA intends to list the notes on the Nasdaq Bond Exchange.
Key Details
- Offering closed: February 19, 2026; Underwriting Agreement dated February 12, 2026.
- Size and coupons: €750M at 3.200% (2032), €750M at 3.625% (2035), €1.0B at 3.900% (2038) — total €2.5B.
- Use of proceeds: General corporate purposes, which may include share repurchases, any dividends declared by the Board, and refinancing existing debt.
- Security/Guarantors: Notes are senior unsecured obligations initially guaranteed on a senior unsecured basis by T‑Mobile US and certain wholly‑owned subsidiaries (subject to release conditions in the indentures).
Why It Matters
This transaction raises long‑term financing for T‑Mobile in euros at fixed interest rates, extending the company’s debt maturities into the 2030s. For investors, the deal may affect the company’s capital allocation (the filing explicitly allows proceeds to be used for share repurchases or dividends) and modestly increases the company’s outstanding senior debt. Because the notes are euro‑denominated and will be listed on the Nasdaq Bond Exchange, the offering may broaden T‑Mobile’s investor base and introduces currency exposure for the company’s obligations. The filing includes the related underwriting and indenture documents and legal opinions as exhibits.