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