{"id":521230,"date":"2021-08-02T08:33:06","date_gmt":"2021-08-02T12:33:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tds-announces-redemption-of-6-625-senior-notes-due-2045\/"},"modified":"2021-08-02T08:33:06","modified_gmt":"2021-08-02T12:33:06","slug":"tds-announces-redemption-of-6-625-senior-notes-due-2045","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tds-announces-redemption-of-6-625-senior-notes-due-2045\/","title":{"rendered":"TDS Announces Redemption Of 6.625% Senior Notes Due 2045"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n CHICAGO<\/span>, Aug. 2, 2021<\/span> \/PRNewswire\/ —\u00a0Telephone and Data Systems, Inc. (NYSE: TDS) today announced that it will redeem all of its outstanding 6.625% Senior Notes due 2045 (NYSE: TDI) (the “TDI Notes”).\u00a0 The $116.25 million<\/span> aggregate principal amount of outstanding TDI Notes will be redeemed September 1, 2021<\/span>, at a redemption price of 100 percent of the principal amount ($25<\/span> face value per unit), together with accrued and unpaid interest to the redemption date.\u00a0 The paying agent is The Bank of New York Mellon.<\/p>\n

“Redemption of these notes builds on the progress we’ve already made towards lowering the average rate paid on our borrowings, which has continued to be a top Treasury priority for TDS and UScellular this year,” said Peter L. Sereda<\/span>, TDS executive vice president and chief financial officer. “The cost savings generated through these redemptions will enable additional opportunities for investments in 5G and fiber deployment.”<\/p>\n

UScellular (NYSE:USM), TDS’ 82%-owned subsidiary, is also announcing a redemption of its 6.95 percent senior notes due 2060 (NYSE:UZA).<\/p>\n

A notice of redemption with instructions is being distributed to registered holders of the notes. Beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution that holds notes on their behalf.<\/p>\n

\n About TDS
<\/b>Telephone and Data Systems, Inc. (TDS), a Fortune 1000\u00ae company, provides wireless; broadband, video and voice; and hosted and managed services\u00a0to approximately 6 million connections nationwide through its businesses, UScellular, TDS Telecom, and OneNeck IT Solutions. Founded in 1969 and headquartered in Chicago<\/span>, TDS employed approximately 9,100 associates as of March 31, 2021<\/span>.<\/p>\n

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:\u00a0All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the company’s plans, beliefs, estimates, and expectations. These statements are based on current estimates, projections, and assumptions, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Important factors that may affect these forward-looking statements include, but are not limited to: intense competition; the ability to obtain or maintain roaming arrangements with other carriers on acceptable terms; the ability to obtain access to adequate radio spectrum to meet current or anticipated future needs, including participation in FCC auctions; the ability to attract people of outstanding talent throughout all levels of the organization; TDS’ smaller scale relative to larger competitors; changes in demand, consumer preferences and perceptions, price competition, or churn rates; advances in technology; impacts of costs, integration problems or other factors associated with acquisitions, divestitures or exchanges of properties or wireless spectrum licenses and\/or expansion of TDS’ businesses; the ability of the company to successfully construct and manage its networks; difficulties involving third parties; uncertainties in TDS’ future cash flows and liquidity and access to the capital markets; the ability to make payments on TDS and UScellular indebtedness or comply with the terms of debt covenants; conditions in the U.S. telecommunications industry; the value of assets and investments; the state and federal regulatory environment; pending and future litigation; cyber-attacks or other breaches of network or information technology security; disruption in credit or other financial markets; deterioration of U.S. or global economic conditions; the impact, duration and severity of public health emergencies, such as the COVID-19 pandemic. Investors are encouraged to consider these and other risks and uncertainties that are more fully described under “Risk Factors” in the most recent filing of TDS’ Form 10-K, as updated by any TDS Form 10-Q filed subsequent to such Form 10-K.\u00a0\u00a0\u00a0\u00a0<\/p>\n

For more information about TDS and its subsidiaries, visit:
TDS: www.tdsinc.com<\/a>
UScellular: www.uscellular.com<\/a>
TDS Telecom: www.tdstelecom.com<\/a>\u00a0
OneNeck IT Solutions: www.oneneck.com<\/a><\/p>\n

\u00a0<\/p>\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/tds-announces-redemption-of-6-625-senior-notes-due-2045–301346013.html<\/a><\/p>\n

SOURCE Telephone and Data Systems<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire CHICAGO, Aug. 2, 2021 \/PRNewswire\/ —\u00a0Telephone and Data Systems, Inc. (NYSE: TDS) today announced that it will redeem all of its outstanding 6.625% Senior Notes due 2045 (NYSE: TDI) (the “TDI Notes”).\u00a0 The $116.25 million aggregate principal amount of outstanding TDI Notes will be redeemed September 1, 2021, at a redemption price of 100 percent of the principal amount ($25 face value per unit), together with accrued and unpaid interest to the redemption date.\u00a0 The paying agent is The Bank of New York Mellon. “Redemption of these notes builds on the progress we’ve already made towards lowering the average rate paid on our borrowings, which has continued to be a top Treasury priority for TDS and UScellular this … <\/p>\n

Continue reading “TDS Announces Redemption Of 6.625% Senior Notes Due 2045”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-521230","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTDS Announces Redemption Of 6.625% Senior Notes Due 2045 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tds-announces-redemption-of-6-625-senior-notes-due-2045\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TDS Announces Redemption Of 6.625% Senior Notes Due 2045 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire CHICAGO, Aug. 2, 2021 \/PRNewswire\/ —\u00a0Telephone and Data Systems, Inc. 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