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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
COMM
PRCD
TMUS
T-Mobile USA Inc€2,500
3USOA
Feb 12, 2026
currency
EUR
size (m)
750.000
maturity
Feb 19, 2032
type
Fixed
tenor
6.000
call
-
registration
SEC Registered
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa1
s&p
BBB
fitch
BBB+
size description
-
re-open/tap
No
ipt
MS+100-105
ipt-pxd
-32.5
guidance
n/a - straight to launch
spread
70
coupon
3.20%
spread set
-
price
99.82300
yield
3.233%
book size (m)
1,850
peak book (m)
2,350
x-covered
2.47
book attrition
-21.28%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,850
peak book (m)
2,350
x-covered
2.47
book attrition
-21.28%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
750.000
maturity
Feb 19, 2035
type
Fixed
tenor
9.000
call
-
registration
SEC Registered
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa1
s&p
BBB
fitch
BBB+
size description
-
re-open/tap
No
ipt
MS+120-125
ipt-pxd
-32.5
guidance
n/a - straight to launch
spread
90
coupon
3.625%
spread set
-
price
99.90200
yield
3.638%
book size (m)
1,950
peak book (m)
2,450
x-covered
2.6
book attrition
-20.41%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,950
peak book (m)
2,450
x-covered
2.6
book attrition
-20.41%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
1,000.000
maturity
Feb 19, 2038
type
Fixed
tenor
12.000
call
-
registration
SEC Registered
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa1
s&p
BBB
fitch
BBB+
size description
-
re-open/tap
No
ipt
MS+140-145
ipt-pxd
-37.5
guidance
n/a - straight to launch
spread
105
coupon
3.90%
spread set
-
price
99.51100
yield
3.952%
book size (m)
1,750
peak book (m)
3,200
x-covered
1.75
book attrition
-45.31%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,750
peak book (m)
3,200
x-covered
1.75
book attrition
-45.31%
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1850; Registration: SEC Registered; Comments: EUR750m 6yr, cpn 3.20% at 99.823, yld 3.233%. Spread: MS+70. DBR 0 02/15/32 | HR 106%. MWC: B+15. Par Call: 2m. LEI: 549300V2JRLO5DIFGE82 ; Book size: 1950; Registration: SEC Registered; Comments: EUR750m 9yr, cpn 3.625% at 99.902, yld 3.638%. Spread: MS+90. DBR 2 1/2 02/15/35 | HR 97%. MWC: B+15. Par Call: 2m. LEI: 549300V2JRLO5DIFGE82 ; Book size: 1750; Registration: SEC Registered; Comments: EUR1bn 12yr, cpn 3.90% at 99.511, yld 3.952%. Spread: MS+105. DBR 4 01/04/37 | HR 95%. MWC: B+20. Par Call: 2m. LEI: 549300V2JRLO5DIFGE82 ;
Deal Comments
Reoffer: 6yr: MS+70bp / 99.823 / 3.233% 9yr: MS+90bp / 99.902 / 3.638% 12yr: MS+105bp / 99.511 / 3.952% Benchmark: 6yr: DBR 0 15-Feb-32 @ 86.535 / B+79.2 / HR 106% 9yr: DBR 2.5 15-Feb-35 @ 98.325 / B+92.6 / HR 97% 12yr: DBR 4 04-Jan-37 @ 110.43 / B+108.2 / HR 95% Final Books: Combined books in excess of €5.5bn. 6yr: > €1.85bn, 9yr: ~€1.95bn, 12yr: ~€1.75bn Launched: 6yr: €750m @ MS+70bp 9yr: €750m @ MS+90bp 12yr: €1bn @ MS+105bp IPTs: 6yr: MS+100/105bp 9yr: MS+120/125bp 12yr: MS+140/145bp Issuer: T-Mobile USA, Inc. Guarantors: The notes will be guaranteed (i) initially by T-Mobile US, Inc. (Ticker: TMUS, Country: US) and each wholly-owned subsidiary of the Issuer that is not an Excluded Subsidiary and is an obligor under the Credit Agreement and (ii) by any future direct or indirect subsidiary of TMUS that is not a subsidiary of the Issuer or any other guarantor that owns capital stock of the Issuer Issuer Ratings: Baa1/BBB/BBB+ (Moody's/S&P/Fitch) Exp. Issue Ratings: Baa1/BBB/BBB+ (Moody's/S&P/Fitch) Issuer LEI: 549300V2JRLO5DIFGE82 Settlement Date: 19-Feb-26 (T+5) Size: 6yr: €750m 9yr: €750m 12yr: €1bn Maturity: 6yr: 19-Feb-32 9yr: 19-Feb-35 12yr: 19-Feb-38 Coupon: 6yr: 3.200% 9yr: 3.625% 12yr: 3.900% Re-offer price / yld: 6yr: 99.823% / 3.233% 9yr: 99.902% / 3.638% 12yr: 99.511% / 3.952% Re-offer: 6yr: MS+70bp 9yr: MS+90bp 12yr: MS+105bp ISIN / Common Code: 6yr: XS3298843684 / 329884368 9yr: XS3298843924 / 329884392 12yr: XS3298844146 / 329884414 Optional Redemption: 6yr: Make-Whole Call (B+15) & 2mo Par Call 9yr: Make-Whole Call (B+15) & 2mo Par Call 12yr: Make-Whole Call (B+20) & 2mo Par Call TOE: 16.04 FTT: 08.00 UKT tomorrow subject to the final term sheet Denominations: €100k x €1k Clearing: Euroclear / Clearstream Tax Redemption: 100% Format: SEC Registered, Senior Unsecured Listing: NASDAQ Bond Exchange Governing Law: New York UoP: General corporate purposes, which may include among other things, share repurchases, any dividends declared by T-Mobile US, Inc.'s Board of Directors and refinancing of existing indebtedness on an ongoing basis Selling Restrictions: As per the Preliminary Prospectus Supplement Active Bookrunners: Barclays(B&D), BNP Paribas, Crédit Agricole CIB, Goldman Sachs & Co. LLC, Morgan Stanley Target Market: Manufacturer target market (MIFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or UK Stabilization: Relevant stabilization regulations including FCA/ICMA apply
Guarantor(s)
T-Mobile US Inc and each wholly-owned subsidiary
Use of Proceeds
General corporate purposes, which may include among other things, share repurchases, any dividends declared by T-Mobile US, Inc.'s Board of Directors and refinancing of existing indebtedness on an ongoing basis

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