T-Mobile today announced that it is currently financially prepared to close its $26 billion merger with Sprint, based on its previously secured commitments for bridge financing and senior credit facility financing.
T-Mobile has the financial support from 16 leading U.S. and global banks for closing the merger transaction.
“We have broad support from the banks to finance the closing of this merger – we are very close to unleashing the capabilities of the New T-Mobile,” said John Legere, CEO of T-Mobile.
“This diversification of banks, and the spreading of the committed bridge financing creates a very high-quality bridge,” said Braxton Carter, chief financial officer of T-Mobile.
