Sprint signs $2.2 billion deal for sale, leasing of assets

Sprint Corp (S.N) said it had signed a deal for the sale and leaseback of certain assets, which will provide the No. 4 U.S. wireless carrier with $2.2 billion in funding.

The assets bought by bankruptcy remote companies, or special purpose entities within the company, will be used as collateral to raise the money in borrowings from investors, including Sprint’s majority owner, Japan’s SoftBank Group Corp (9984.T).


(Reporting by Anya George Tharakan in Bengaluru)

This article is automatically posted by WP-AutoPost Plugin

Source URL:http://www.reuters.com/article/sprint-corp-debt-idUSL3N1794KN

News

BRIEF-‍Wattpad raises $51 mln in new funding

January 17, 2018 mmayha 0

Jan 17 (Reuters) – Wattpad: * ‍WATTPAD ANNOUNCES USD $51 MILLION (CAD $61.25 MILLION) IN NEW FUNDING​ * INVESTORS INCLUDE TENCENT HOLDINGS LIMITED, BDC, GLOBE TELECOM‘S KICKSTART VENTURES, PETERSON GROUP, AND EXISTING INVESTOR RAINE​ Source […]

Be the first to comment

Leave a Reply