BULLETIN CORRECTION: Sprint Corp. Raises More Than $500 Million - S&P Global Ratings’ Credit Research

BULLETIN CORRECTION: Sprint Corp. Raises More Than $500 Million

BULLETIN CORRECTION: Sprint Corp. Raises More Than $500 Million - S&P Global Ratings’ Credit Research
BULLETIN CORRECTION: Sprint Corp. Raises More Than $500 Million
Published Aug 22, 2001
Published Aug 22, 2001
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About This Report

  
Abstract:

(Editor's note: In the bulletin on Sprint Corp. published on Aug. 22, 2001, the number of additional shares of PCS common stock sold by Sprint Corp. was misstated in the first sentence. A corrected version follows.) Standard&Poor's said today that Sprint Corp.'s (BBB+/Negative/A-2) sale of 18.4 million shares of EarthLink Inc. and its sale of an additional 3.065 million shares of PCS common stock and nine million of equity units have no immediate impact on the company's credit rating or outlook. Total proceeds of the sales exceed $500 million. The PCS shares and equity units sales represent the exercise of 15% overallotment options related to Sprint's recent concurrent offerings of 20.4 million new shares of PCS common stock

  
Report Type:

News

Ticker
S
Issuer
Sprint Communications Inc.
GICS
Integrated Telecommunication Services (50101020)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "BULLETIN CORRECTION: Sprint Corp. Raises More Than $500 Million" Aug 22, 2001. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-CORRECTION-Sprint-Corp-Raises-More-Than-500-Million-206910>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN CORRECTION: Sprint Corp. Raises More Than $500 Million Aug 22, 2001. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-CORRECTION-Sprint-Corp-Raises-More-Than-500-Million-206910>
  
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