Sprint's Clearwire Units Will Retire $175M in Notes

Sprint Corporation S announced today that its subsidiaries have delivered a notice of partial redemption to redeem $175,000,000 aggregate principal amount of the 12% Second-Priority Secured Notes due 2017 issued by Clearwire Communications LLC and Clearwire Finance, Inc. CLWR on Oct. 30, 2013. The 2017 Clearwire Notes will be redeemed at a redemption price equal to 112.000 percent of the aggregate principal amount thereof, plus accrued and unpaid interest to, but excluding, the redemption date. This retirement equals 35 percent of the aggregate principal amount of the outstanding 2017 Clearwire Notes, and as a result, $325,000,000 or 65 percent of the aggregate principal amount of the Notes originally issued, will See full press release