MTS Upsizes and Prices Offering of $350 Million of 5.750% Senior Unsecured Notes Due 2027
The Company intends to use the net proceeds from the offering to repay the outstanding balance of the senior secured revolving credit facility, to repay a portion of the term loan B facility due in 2023, to pay related transaction fees and expenses, and for general corporate purposes.
The Notes will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities law and may not be offered or sold within
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes.
This release contains "forward-looking statements" made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties, as well as assumptions, that could cause actual results to differ materially from historical results and those presently anticipated or projected. Words such as "may," "will," "should," "expects," "intends," "projects," "plans," "believes," "estimates," "targets," "anticipates," and similar expressions identify forward-looking statements in other parts of this release. Such statements include, but are not limited to, statements about the timing and impact of the proposed offering, the expected use of proceeds from the offering, and other statements that are not historical facts. These statements are based on the Company's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. Risks, uncertainties and assumptions that could cause the Company's actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, those described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K filed with the
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Brian Ross, Executive Vice President and Chief Financial Officer, 952.937.4000