Sprint Reduces Debt

Has paid down $1.0 billion of the outstanding loan amount under its $4.5 billion revolving credit facility

November 16, 2009

1 Min Read

OVERLAND PARK, Kan. -- Sprint Nextel Corp. (NYSE: S) today announced that it paid down $1.0 billion of the outstanding loan amount under its $4.5 billion revolving credit facility. With this action Sprint Nextel no longer has an outstanding balance.

At the end of the third quarter 2009, Sprint had $5.9 billion in cash, cash equivalents and short-term investments and $1.6 billion in borrowing capacity available under its revolving bank credit facility, for total liquidity of $7.5 billion.

Sprint Corp. (NYSE: S)

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