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Sprint Closes $2B Notes Offering to Shutter Nextel

November 14, 2012 |

OVERLAND PARK, Kan. -- Sprint Nextel Corp. (NYSE:S) announced today it has closed its underwritten public offering of $2.28 billion aggregate principal amount of 6.000% notes due 2022.

As previously announced, Sprint intends to use the net proceeds from the offering to redeem all of the outstanding notes of Nextel Communications, Inc. due 2014 and 2015.

The joint book-running managers for the offering are Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co. and J.P. Morgan Securities LLC.

Sprint Nextel Corp.



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