T-Mobile US Announces Full Exercise Of Underwriters' Option To Buy Common Stock

(RTTNews) - T-Mobile US Inc. (TMUS) announced Monday that the underwriters of its public offering have exercised in full their option to purchase an additional 6.615 million shares of the company's common stock at a price to the public of $25.00 per share, less underwriting discounts and commissions.

The company expects that the net proceeds, including the exercise of the underwriters' option to purchase additional shares, will be approximately $1.8 billion, after deducting underwriting discounts and commissions, and other estimated offering expenses payable by the company.

The company noted that it expects to use the net proceeds from this offering for general corporate purposes, including capital investments, enhancing its financial flexibility and opportunistically acquiring additional spectrum in private party transactions and/or government auctions.

Morgan Stanley & Co. LLC, Goldman, Sachs & Co., J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are the joint book-running managers for the offering.

Last week, T-Mobile US announced the pricing of an underwritten public offering of 66.15 million common shares at $25.00 per share. In addition, the underwriters had an option to purchase up to an additional 6.615 million shares from T-Mobile.