BULLETIN: Sprint Corp. Increases Notes Offering to $5 Billion - S&P Global Ratings’ Credit Research

BULLETIN: Sprint Corp. Increases Notes Offering to $5 Billion

BULLETIN: Sprint Corp. Increases Notes Offering to $5 Billion - S&P Global Ratings’ Credit Research
BULLETIN: Sprint Corp. Increases Notes Offering to $5 Billion
Published Mar 08, 2002
Published Mar 08, 2002
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's said today that the increase of Sprint Corp.'s (BBB+/Negative/A-2) notes offering to $5 billion from the initially planned $2 billion has no impact on the company's credit rating or outlook. Proceeds from the offering will be used primarily to repay short-term debt as well as to cover incremental cash needs in 2002. Total debt is still expected to increase by about $1 billion by the end of 2002. However, the company will need to deleverage and reach a debt-to-EBITDA ratio of about 3 times to maintain a debt profile consistent with the rating.

  
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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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "BULLETIN: Sprint Corp. Increases Notes Offering to $5 Billion" Mar 08, 2002. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Sprint-Corp-Increases-Notes-Offering-to-5-Billion-234271>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN: Sprint Corp. Increases Notes Offering to $5 Billion Mar 08, 2002. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Sprint-Corp-Increases-Notes-Offering-to-5-Billion-234271>
  
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