SPRINT CORPORATION (NYSE:S) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry Into a Material Definitive Agreement.
On May14, 2018, Sprint Corporation (“Sprint Corp”) entered into the Sixth Supplemental Indenture (the “Sprint Corp Supplemental Indenture”) by and between Sprint Corp and The Bank of New York Mellon Trust Company, N.A. (the “Trustee”), which amends and supplements the Indenture, dated as of September11, 2013, by and between Sprint Corp and the Trustee (as amended and supplemented, the “Sprint Corp Indenture”).
The Sprint Corp Supplemental Indenture effects certain amendments (the “Sprint Corp Indenture Amendments”) to the Sprint Corp Indenture pertaining to Sprint Corp’s 7.250% Notes due 2021 (CUSIP No. 85207UAE5), 7.875% Notes due 2023 (CUSIP No. 85207UAF2), 7.125% Notes due 2024 (CUSIP No. 85207UAH8), 7.625% Notes due 2025 (CUSIP No. 85207UAJ4) and 7.625% Notes due 2026 (CUSIP No. 85207UAK1) (collectively, the “Sprint Corp Notes” and each series of Sprint Corp Notes, a “Sprint Corp Series”). Holders representing at least a majority in aggregate principal amount of each Sprint Corp Series consented to the Sprint Corp Indenture Amendments.
Also on May14, 2018, Sprint Communications, Inc., a Kansas corporation and direct subsidiary of Sprint Corp (“SCI”), entered into the Thirteenth Supplemental Indenture (the “SCI Supplemental Indenture”) by and between SCI and the Trustee, which amends and supplements the Indenture, dated as of November20, 2016, by and between SCI and the Trustee (as amended and supplemented, the “SCI Indenture”).
The SCI Supplemental Indenture effects certain amendments (the “SCI Indenture Amendments”) to the SCI Indenture pertaining to SCI’s 7.000% Senior Notes due 2020 (CUSIP No. 852061AR1), 11.500% Senior Notes due 2021 (CUSIP Nos. 852061AM2 and 852061AH3) and 6.000% Senior Notes due 2022 (CUSIP No. 852061AS9) (collectively, the “SCI Notes” and each series of the SCI Notes, a “SCI Series”). Holders representing at least a majority in aggregate principal amount of each SCI Series consented to the SCI Indenture Amendments.
The Sprint Corp Indenture Amendments and the SCI Indenture Amendments amend the Sprint Corp Indenture pertaining to each Sprint Corp Series and the SCI Indenture pertaining to each SCI Series, respectively, to (1)to amend the definition of “Change of Control” to exclude (i)the mergers of the SoftBank US Holdcos (as defined herein) with and into Huron Merger Sub LLC (“T-Mobile Merger Company”), a Delaware limited liability company and a wholly owned subsidiary of T-Mobile US, Inc. (“T-Mobile”), if such mergers occur, (ii)the merger of T-Mobile Merger Company with and into Sprint Corp and (iii)the subsequent contribution of Sprint Corp to T-Mobile USA, Inc. (“T-Mobile USA”) or other transaction the result of which Sprint Corp becomes a direct or indirect wholly-owned subsidiary of T-Mobile USA, in the case of clauses (i)and (ii) above, on the terms and subject to the conditions set forth in the Business Combination Agreement, dated as of April29, 2018, by and among Sprint Corp, T-Mobile, T-Mobile Merger Company, Superior Merger Sub Corporation, a Delaware corporation and a wholly owned subsidiary of T-Mobile Merger Company, Starburst I, Inc., a Delaware corporation (“Starburst”), Galaxy Investment Holdings, Inc., a Delaware corporation (“Galaxy” and, together with Starburst, the “SoftBank US Holdcos”), and for the limited purposes set forth therein, Deutsche Telekom AG, an Aktiengesellschaft organized and existing under the laws of the Federal Republic of Germany (“Deutsche Telekom”), Deutsche Telekom Holding B.V., a besloten vennootschap met beperkte aansprakelijkheid organized and existing under the laws of the Netherlands, and SoftBank Group Corp., a Japanese kabushiki kaisha (“SoftBank”) (the “Change of Control Amendment”); (2) to amend the definition of “Permitted Holder” to include SoftBank, T-Mobile, Deutsche Telekom and their affiliates and successors and certain groups of which only they are members; (3)to add a restriction on consolidations, mergers and transfers of all or substantially all property and assets of T-Mobile USA; and (4)to remove the restriction on transfers of all or substantially all property and assets of Sprint Corp or SCI, as applicable (the amendments described in clauses (2)through (4), collectively, the “Other Amendments”). The Change of Control Amendment became effective on March14, 2018 and the Other Amendments will become effective immediately prior to the consummation of the T-Mobile Transaction (as defined in the Sprint Corp Supplemental Indenture and SCI Supplemental Indenture).
The Sprint Corp Supplemental Indenture and the SCI Supplemental Indenture are attached hereto as Exhibits 4.1 and 4.2, respectively. The foregoing descriptions of the Sprint Corp Supplemental Indenture and the SCI Supplemental Indenture are qualified in their entirety by reference to the full text of the Sprint Corp Supplemental Indenture and SCI Supplemental Indenture, respectively, which are incorporated herein by reference.
Item 1.01 Other Events.
On May14, 2018, Sprint Corp issued a press release announcing expiration of its and SCI’s previously announced consent solicitations and receipt of the requisite consents to approve the Sprint Corp Indenture Amendments and the SCI Indenture Amendments, respectively. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Also on May14, 2018, Sprint Corp issued a press release announcing the commencement of a consent solicitation with respect to the outstanding 6.875% Notes due 2028 and 8.750% Notes due 2032 issued by Sprint Corp’s wholly-owned finance subsidiary, Sprint Capital Corporation. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
Item 1.01. Financial Statements and Exhibits.
(d) Exhibits.
|
Exhibit Number |
Description |
| 4.1 | Sixth Supplemental Indenture, dated as of May14, 2018, to the Indenture, dated as of September11, 2013, between Sprint Corporation and The Bank of New York Mellon Trust Company, N.A. |
| 4.2 | Thirteenth Supplemental Indenture, dated as of May14, 2018, to the Indenture, dated as of November 20, 2006, between Sprint Communications, Inc. and The Bank of New York Mellon Trust Company, N.A. |
| 99.1 | Press Release announcing expiration of Sprint Corporation and Sprint Communications, Inc. consent solicitations, dated May14, 2018. |
| 99.2 | Press Release announcing commencement of Sprint Capital Corporation consent solicitation, dated May14, 2018. |
Important Additional Information
In connection with the proposed transaction,T-Mobilewill file a registration statement on FormS-4, which will contain a joint consent solicitation statement ofT-Mobileand Sprint Corp, that also constitutes a prospectus ofT-Mobile(the “joint consent solicitation statement/prospectus”), and each party will file other documents regarding the proposed transaction with the U.S. Securities and Exchange Commission (the “SEC”). INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE JOINT CONSENT SOLICITATION STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED WITH THE
SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. When final, a definitive copy of the joint consent solicitation statement/prospectus will be sent toT-Mobileand Sprint Corp stockholders. Investors and security holders will be able to obtain the registration statement and the joint consent solicitation statement/prospectus free of charge from the SEC’s website or fromT-Mobileor Sprint Corp. The documents filed byT-Mobilewith the SEC may be obtained free of charge atT-Mobile’swebsite, atwww.t-mobile.com, or at the SEC’s website, atwww.sec.gov. These documents may also be obtained free of charge fromT-Mobileby requesting them by mail atT-MobileUS, Inc., Investor Relations, 1 Park Avenue, 14th Floor, New York, NY 10016, or by telephone at212-358-3210.The documents filed by Sprint Corp with the SEC may be obtained free of charge at Sprint’s website, atwww.sprint.com, or at the SEC’s website, atwww.sec.gov. These documents may also be obtained free of charge from Sprint by requesting them by mail at Sprint Corporation, Shareholder Relations, 6200 Sprint Parkway, Mailstop KSOPHF0302-3B679, Overland Park, Kansas 66251, or by telephone at913-794-1091.
Participants in the Solicitation
T-Mobileand Sprint Corp and their respective directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of consents in respect of the proposed transaction. Information aboutT-Mobile’sdirectors and executive officers is available inT-Mobile’sproxy statement dated April26, 2018, for its 2018 Annual Meeting of Stockholders. Information about Sprint Corp’s directors and executive officers is available in Sprint Corp’s proxy statement dated June19, 2017, for its 2017 Annual Meeting of Stockholders, and in Sprint Corp’s subsequent reports on Form8-Kfiled with the SEC on January4, 2018 and January17, 2018. Other information regarding the participants in the consent solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint consent solicitation statement/prospectus and other relevant materials to be filed with the SEC regarding the acquisition when they become available. Investors should read the joint consent solicitation statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents fromT-Mobileor Sprint Corp as indicated above.
No Offer or Solicitation
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section10 of the U.S. Securities Act of 1933, as amended.
SPRINT Corp ExhibitEX-4.1 2 d588580dex41.htm EX-4.1 EX-4.1 EXHIBIT 4.1 SIXTH SUPPLEMENTAL INDENTURE SIXTH SUPPLEMENTAL INDENTURE (this Supplemental Indenture),…To view the full exhibit click here
About SPRINT CORPORATION (NYSE:S)
Sprint Corporation (Sprint) is a holding company. The Company, along with its subsidiaries, is a communications company offering a range of wireless and wireline communications products and services that are designed to meet the needs of consumers, businesses, government subscribers and resellers. It operates through two segments: Wireless and Wireline. The Company offers wireless services on a postpaid and prepaid payment basis to retail subscribers and also on a wholesale basis. The Wireline segment provides voice, data and Internet Protocol (IP) communication services to its Wireless segment. The Company offers wireless and wireline services to subscribers in approximately 50 states, Puerto Rico, and the United States Virgin Islands under the Sprint corporate brand, which includes its retail brands of Sprint, Boost Mobile, Virgin Mobile and Assurance Wireless on its wireless networks utilizing various technologies.