TDS announces new $375 million unsecured debt financing
Telephone and Data Systems, Inc. Common Shares (TDS)
Last telephone and data systems, inc. common shares earnings: 4/30 04:05 pm
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Source: PR Newswire
CHICAGO, May 3, 2024 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE: "TDS") announced today the closing of a $375 million unsecured debt financing with funds managed by Oaktree Capital Management, L.P. ("Oaktree"). The proceeds will be used for general corporate purposes, including the advancement of TDS Telecom's fiber build program."Now that all of our fiber expansion communities have been initially launched, TDS Telecom is continuing to make progress towards its long-term goal of 1.2 million marketable fiber service addresses," said Vicki L. Villacrez, TDS Executive Vice President and CFO. "This transaction will provide TDS with additional access to capital to support our fiber program which includes investing in communities throughout the US with quality broadband connectivity."Importantly, we structured this transaction to be permissible under our existing debt agreements which allows us to preserve our predominantly low-cost, long-dated capital structure. TDS' weighted a
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TDS
Earnings
- 5/3/24 - Beat
TDS
Analyst Actions
- 5/13/24 - JP Morgan
TDS
Sec Filings
- 5/3/24 - Form 10-Q
- 5/3/24 - Form 8-K
- 4/19/24 - Form ARS
- TDS's page on the SEC website