[8-K] Telephone and Data Systems Inc. Reports Material Event
Telephone and Data Systems (TDS) reported that T-Mobile USA announced preliminary results of exchange offers for senior notes issued by United States Cellular Corporation (USCC), a TDS subsidiary. The exchange offers include:
- 6.700% Senior Notes due 2033
- 6.250% Senior Notes due 2069
- 5.500% Senior Notes due 2070 (March)
- 5.500% Senior Notes due 2070 (June)
T-Mobile USA will issue new notes in exchange for these USCC Notes. Additionally, T-Mobile sought consent from noteholders to modify certain notice requirements and restrictive covenants in the existing indentures. The company executed four supplemental indentures with The Bank of New York Mellon Trust Company on June 17, 2025, to facilitate these changes. This strategic debt restructuring could significantly impact USCC's debt profile and its relationship with T-Mobile.
Telephone and Data Systems (TDS) ha comunicato che T-Mobile USA ha annunciato i risultati preliminari delle offerte di scambio per le obbligazioni senior emesse da United States Cellular Corporation (USCC), una controllata di TDS. Le offerte di scambio riguardano:
- Obbligazioni Senior al 6,700% con scadenza 2033
- Obbligazioni Senior al 6,250% con scadenza 2069
- Obbligazioni Senior al 5,500% con scadenza 2070 (marzo)
- Obbligazioni Senior al 5,500% con scadenza 2070 (giugno)
T-Mobile USA emetter脿 nuove obbligazioni in cambio di queste note USCC. Inoltre, T-Mobile ha richiesto il consenso dei detentori delle obbligazioni per modificare alcuni requisiti di notifica e clausole restrittive presenti nei contratti di emissione esistenti. La societ脿 ha stipulato quattro supplementi agli accordi con The Bank of New York Mellon Trust Company il 17 giugno 2025 per agevolare tali modifiche. Questa ristrutturazione strategica del debito potrebbe avere un impatto significativo sul profilo debitorio di USCC e sul suo rapporto con T-Mobile.
Telephone and Data Systems (TDS) inform贸 que T-Mobile USA anunci贸 resultados preliminares de ofertas de canje para bonos senior emitidos por United States Cellular Corporation (USCC), una subsidiaria de TDS. Las ofertas de canje incluyen:
- Bonos Senior al 6,700% con vencimiento en 2033
- Bonos Senior al 6,250% con vencimiento en 2069
- Bonos Senior al 5,500% con vencimiento en 2070 (marzo)
- Bonos Senior al 5,500% con vencimiento en 2070 (junio)
T-Mobile USA emitir谩 nuevos bonos a cambio de estos bonos USCC. Adem谩s, T-Mobile solicit贸 el consentimiento de los tenedores de bonos para modificar ciertos requisitos de notificaci贸n y cl谩usulas restrictivas en los contratos existentes. La compa帽铆a firm贸 cuatro suplementos de contrato con The Bank of New York Mellon Trust Company el 17 de junio de 2025 para facilitar estos cambios. Esta reestructuraci贸n estrat茅gica de la deuda podr铆a impactar significativamente el perfil de deuda de USCC y su relaci贸n con T-Mobile.
Telephone and Data Systems (TDS)電� T-Mobile USA臧� TDS 鞛愴殞靷澑 United States Cellular Corporation(USCC)鞚� 氚滍枆頃� 靹犾垳鞙� 毂勱秾鞐� 雽�頃� 甑愴櫂 鞝滌晥鞚� 鞓堧箘 瓴瓣臣毳� 氚滍憸頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 甑愴櫂 鞝滌晥鞐愲姅 雼れ潓鞚� 韽暔霅╇媹雼�:
- 2033雲� 毵岅赴 6.700% 靹犾垳鞙� 毂勱秾
- 2069雲� 毵岅赴 6.250% 靹犾垳鞙� 毂勱秾
- 2070雲� 3鞗� 毵岅赴 5.500% 靹犾垳鞙� 毂勱秾
- 2070雲� 6鞗� 毵岅赴 5.500% 靹犾垳鞙� 毂勱秾
T-Mobile USA電� 鞚� USCC 毂勱秾瓿� 甑愴櫂頃橃棳 靸堧鞖� 毂勱秾鞚� 氚滍枆頃� 鞓堨爼鞛呺媹雼�. 霕愴暅, T-Mobile鞚� 旮办〈 鞁犿儊 瓿勳暯鞚� 韸轨爼 韱奠 鞖旉贝瓿� 鞝滍暅 臁绊暛鞚� 靾橃爼頃橁赴 鞙勴暣 毂勱秾 氤挫湢鞛愲摛鞚� 霃欖潣毳� 甑枅鞀惦媹雼�. 須岇偓電� 鞚措煬頃� 氤�頇旊ゼ 齑夓頃橁赴 鞙勴暣 2025雲� 6鞗� 17鞚� The Bank of New York Mellon Trust Company鞕� 雱� 瓯挫潣 氤挫订 瓿勳暯鞚� 觳搓舶頄堨姷雼堧嫟. 鞚� 鞝勲灥鞝� 攵�毂� 甑“臁办爼鞚� USCC鞚� 攵�毂� 甑“鞕� T-Mobile瓿检潣 甏�瓿勳棎 靸侂嫻頃� 鞓來枼鞚� 氙胳範 靾� 鞛堨姷雼堧嫟.
Telephone and Data Systems (TDS) a rapport茅 que T-Mobile USA a annonc茅 les r茅sultats pr茅liminaires des offres d'茅change pour des obligations senior 茅mises par United States Cellular Corporation (USCC), une filiale de TDS. Les offres d'茅change comprennent :
- Obligations senior 脿 6,700 % 茅ch茅ance 2033
- Obligations senior 脿 6,250 % 茅ch茅ance 2069
- Obligations senior 脿 5,500 % 茅ch茅ance 2070 (mars)
- Obligations senior 脿 5,500 % 茅ch茅ance 2070 (juin)
T-Mobile USA 茅mettra de nouvelles obligations en 茅change de ces titres USCC. De plus, T-Mobile a sollicit茅 le consentement des d茅tenteurs d'obligations pour modifier certaines exigences de notification et clauses restrictives dans les contrats existants. La soci茅t茅 a sign茅 quatre avenants aux contrats avec The Bank of New York Mellon Trust Company le 17 juin 2025 afin de faciliter ces modifications. Cette restructuration strat茅gique de la dette pourrait avoir un impact significatif sur le profil d'endettement d'USCC et sa relation avec T-Mobile.
Telephone and Data Systems (TDS) berichtete, dass T-Mobile USA vorl盲ufige Ergebnisse von Umtauschangeboten f眉r Senior Notes der United States Cellular Corporation (USCC), einer Tochtergesellschaft von TDS, bekannt gegeben hat. Die Umtauschangebote umfassen:
- 6,700% Senior Notes f盲llig 2033
- 6,250% Senior Notes f盲llig 2069
- 5,500% Senior Notes f盲llig 2070 (M盲rz)
- 5,500% Senior Notes f盲llig 2070 (Juni)
T-Mobile USA wird neue Anleihen im Austausch gegen diese USCC-Notes ausgeben. Zus盲tzlich hat T-Mobile die Zustimmung der Anleihegl盲ubiger eingeholt, um bestimmte Meldepflichten und einschr盲nkende Klauseln in den bestehenden Schuldverschreibungsbedingungen zu 盲ndern. Das Unternehmen hat am 17. Juni 2025 vier erg盲nzende Schuldverschreibungsbedingungen mit der The Bank of New York Mellon Trust Company abgeschlossen, um diese 脛nderungen zu erm枚glichen. Diese strategische Schuldenrestrukturierung k枚nnte das Schuldenprofil von USCC und die Beziehung zu T-Mobile erheblich beeinflussen.
- None.
- T-Mobile USA is exchanging all validly tendered USCC (United States Cellular Corporation) Notes for new T-Mobile notes, indicating a significant debt restructuring for TDS's subsidiary
- The exchange offer affects multiple long-term notes including 6.700% Notes due 2033, 6.250% Notes due 2069, and two series of 5.500% Notes due 2070, suggesting a substantial debt reorganization
- T-Mobile is seeking to modify or eliminate certain notice requirements and restrictive covenants, which could reduce protections for existing USCC noteholders
Insights
T-Mobile is exchanging USCC debt notes for new T-Mobile notes, changing debt ownership structure while modifying restrictive covenants.
This 8-K filing details a significant debt restructuring initiative where T-Mobile USA is offering to exchange various senior notes issued by United States Cellular Corporation (USCC), a TDS subsidiary. The exchange offers target four specific series of USCC notes: 6.700% Senior Notes due 2033, 6.250% Senior Notes due 2069, and two series of 5.500% Senior Notes due 2070. Beyond just exchanging the debt, T-Mobile is simultaneously soliciting consents to modify or eliminate certain restrictive covenants in USCC's existing indentures.
The filing references multiple supplemental indentures dated June 17, 2025, which formalize these covenant modifications. This transaction effectively transfers debt obligations from USCC's balance sheet to T-Mobile, potentially signaling further integration between the companies. For TDS shareholders, this exchange represents a material change in their subsidiary's capital structure and debt obligations. By eliminating certain restrictive covenants through the consent solicitation, USCC's operational flexibility may increase, though this could potentially reduce certain protections for existing bondholders who did not participate in the exchange.
Telephone and Data Systems (TDS) ha comunicato che T-Mobile USA ha annunciato i risultati preliminari delle offerte di scambio per le obbligazioni senior emesse da United States Cellular Corporation (USCC), una controllata di TDS. Le offerte di scambio riguardano:
- Obbligazioni Senior al 6,700% con scadenza 2033
- Obbligazioni Senior al 6,250% con scadenza 2069
- Obbligazioni Senior al 5,500% con scadenza 2070 (marzo)
- Obbligazioni Senior al 5,500% con scadenza 2070 (giugno)
T-Mobile USA emetter脿 nuove obbligazioni in cambio di queste note USCC. Inoltre, T-Mobile ha richiesto il consenso dei detentori delle obbligazioni per modificare alcuni requisiti di notifica e clausole restrittive presenti nei contratti di emissione esistenti. La societ脿 ha stipulato quattro supplementi agli accordi con The Bank of New York Mellon Trust Company il 17 giugno 2025 per agevolare tali modifiche. Questa ristrutturazione strategica del debito potrebbe avere un impatto significativo sul profilo debitorio di USCC e sul suo rapporto con T-Mobile.
Telephone and Data Systems (TDS) inform贸 que T-Mobile USA anunci贸 resultados preliminares de ofertas de canje para bonos senior emitidos por United States Cellular Corporation (USCC), una subsidiaria de TDS. Las ofertas de canje incluyen:
- Bonos Senior al 6,700% con vencimiento en 2033
- Bonos Senior al 6,250% con vencimiento en 2069
- Bonos Senior al 5,500% con vencimiento en 2070 (marzo)
- Bonos Senior al 5,500% con vencimiento en 2070 (junio)
T-Mobile USA emitir谩 nuevos bonos a cambio de estos bonos USCC. Adem谩s, T-Mobile solicit贸 el consentimiento de los tenedores de bonos para modificar ciertos requisitos de notificaci贸n y cl谩usulas restrictivas en los contratos existentes. La compa帽铆a firm贸 cuatro suplementos de contrato con The Bank of New York Mellon Trust Company el 17 de junio de 2025 para facilitar estos cambios. Esta reestructuraci贸n estrat茅gica de la deuda podr铆a impactar significativamente el perfil de deuda de USCC y su relaci贸n con T-Mobile.
Telephone and Data Systems (TDS)電� T-Mobile USA臧� TDS 鞛愴殞靷澑 United States Cellular Corporation(USCC)鞚� 氚滍枆頃� 靹犾垳鞙� 毂勱秾鞐� 雽�頃� 甑愴櫂 鞝滌晥鞚� 鞓堧箘 瓴瓣臣毳� 氚滍憸頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 甑愴櫂 鞝滌晥鞐愲姅 雼れ潓鞚� 韽暔霅╇媹雼�:
- 2033雲� 毵岅赴 6.700% 靹犾垳鞙� 毂勱秾
- 2069雲� 毵岅赴 6.250% 靹犾垳鞙� 毂勱秾
- 2070雲� 3鞗� 毵岅赴 5.500% 靹犾垳鞙� 毂勱秾
- 2070雲� 6鞗� 毵岅赴 5.500% 靹犾垳鞙� 毂勱秾
T-Mobile USA電� 鞚� USCC 毂勱秾瓿� 甑愴櫂頃橃棳 靸堧鞖� 毂勱秾鞚� 氚滍枆頃� 鞓堨爼鞛呺媹雼�. 霕愴暅, T-Mobile鞚� 旮办〈 鞁犿儊 瓿勳暯鞚� 韸轨爼 韱奠 鞖旉贝瓿� 鞝滍暅 臁绊暛鞚� 靾橃爼頃橁赴 鞙勴暣 毂勱秾 氤挫湢鞛愲摛鞚� 霃欖潣毳� 甑枅鞀惦媹雼�. 須岇偓電� 鞚措煬頃� 氤�頇旊ゼ 齑夓頃橁赴 鞙勴暣 2025雲� 6鞗� 17鞚� The Bank of New York Mellon Trust Company鞕� 雱� 瓯挫潣 氤挫订 瓿勳暯鞚� 觳搓舶頄堨姷雼堧嫟. 鞚� 鞝勲灥鞝� 攵�毂� 甑“臁办爼鞚� USCC鞚� 攵�毂� 甑“鞕� T-Mobile瓿检潣 甏�瓿勳棎 靸侂嫻頃� 鞓來枼鞚� 氙胳範 靾� 鞛堨姷雼堧嫟.
Telephone and Data Systems (TDS) a rapport茅 que T-Mobile USA a annonc茅 les r茅sultats pr茅liminaires des offres d'茅change pour des obligations senior 茅mises par United States Cellular Corporation (USCC), une filiale de TDS. Les offres d'茅change comprennent :
- Obligations senior 脿 6,700 % 茅ch茅ance 2033
- Obligations senior 脿 6,250 % 茅ch茅ance 2069
- Obligations senior 脿 5,500 % 茅ch茅ance 2070 (mars)
- Obligations senior 脿 5,500 % 茅ch茅ance 2070 (juin)
T-Mobile USA 茅mettra de nouvelles obligations en 茅change de ces titres USCC. De plus, T-Mobile a sollicit茅 le consentement des d茅tenteurs d'obligations pour modifier certaines exigences de notification et clauses restrictives dans les contrats existants. La soci茅t茅 a sign茅 quatre avenants aux contrats avec The Bank of New York Mellon Trust Company le 17 juin 2025 afin de faciliter ces modifications. Cette restructuration strat茅gique de la dette pourrait avoir un impact significatif sur le profil d'endettement d'USCC et sa relation avec T-Mobile.
Telephone and Data Systems (TDS) berichtete, dass T-Mobile USA vorl盲ufige Ergebnisse von Umtauschangeboten f眉r Senior Notes der United States Cellular Corporation (USCC), einer Tochtergesellschaft von TDS, bekannt gegeben hat. Die Umtauschangebote umfassen:
- 6,700% Senior Notes f盲llig 2033
- 6,250% Senior Notes f盲llig 2069
- 5,500% Senior Notes f盲llig 2070 (M盲rz)
- 5,500% Senior Notes f盲llig 2070 (Juni)
T-Mobile USA wird neue Anleihen im Austausch gegen diese USCC-Notes ausgeben. Zus盲tzlich hat T-Mobile die Zustimmung der Anleihegl盲ubiger eingeholt, um bestimmte Meldepflichten und einschr盲nkende Klauseln in den bestehenden Schuldverschreibungsbedingungen zu 盲ndern. Das Unternehmen hat am 17. Juni 2025 vier erg盲nzende Schuldverschreibungsbedingungen mit der The Bank of New York Mellon Trust Company abgeschlossen, um diese 脛nderungen zu erm枚glichen. Diese strategische Schuldenrestrukturierung k枚nnte das Schuldenprofil von USCC und die Beziehung zu T-Mobile erheblich beeinflussen.
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
| Securities registered pursuant to Section 12(b) of the Act: | ||||||||||||||||||||
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||||||||
Emerging growth company | |||||
| ☐ | If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ||||
| Exhibit Number | Description of Exhibits | |||||||
| 4.1 | Twelfth Supplemental Indenture, dated as of June 17, 2025, between United States Cellular Corporation and The Bank of New York Mellon Trust Company, N.A., related to United States Cellular Corporation’s 6.700% Senior Notes due 2033, is hereby incorporated by reference from Exhibit 4.1 to USCC's Current Report on Form 8-K dated June 17, 2025. | |||||||
| 4.2 | Thirteenth Supplemental Indenture, dated as of June 17, 2025, between United States Cellular Corporation and The Bank of New York Mellon Trust Company, N.A., related to United States Cellular Corporation’s 6.250% Senior Notes due 2069, is hereby incorporated by reference from Exhibit 4.2 to USCC's Current Report on Form 8-K dated June 17, 2025. | |||||||
| 4.3 | Fourteenth Supplemental Indenture, dated as of June 17, 2025, between United States Cellular Corporation and The Bank of New York Mellon Trust Company, N.A., related to United States Cellular Corporation’s 5.500% Senior Notes due 2070 (March), is hereby incorporated by reference from Exhibit 4.3 to USCC's Current Report on Form 8-K dated June 17, 2025. | |||||||
| 4.4 | Fifteenth Supplemental Indenture, dated as of June 17, 2025, between United States Cellular Corporation and The Bank of New York Mellon Trust Company, N.A., related to United States Cellular Corporation’s 5.500% Senior Notes due 2070 (June), is hereby incorporated by reference from Exhibit 4.4 to USCC's Current Report on Form 8-K dated June 17, 2025. | |||||||
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |||||||
| TELEPHONE AND DATA SYSTEMS, INC. | |||||||||||
| Date: | June 20, 2025 | By: | /s/ Vicki L. Villacrez | ||||||||
| Vicki L. Villacrez | |||||||||||
| Executive Vice President and Chief Financial Officer | |||||||||||
Source:
FAQ
What is the purpose of TDS's 8-K filing from June 28, 2025?
What specific USCC notes are involved in T-Mobile's exchange offer?
Who signed TDS's 8-K filing dated June 28, 2025?
What supplemental indentures were filed as exhibits with TDS's 8-K?
What securities does TDS have listed on the New York Stock Exchange as of this filing?
