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United States Cellular Corp., 7.25% Senior Notes due 12/1/2063
Ticker Symbol: UZB* CUSIP: 911684504 Exchange: NYSE
* NOTE: This security is no longer trading as of 5/12/2021
Security has been Called for: Wednesday, May 12, 2021
April 12, 2021 -- United States Cellular Corporation (NYSE: USM) today announced that it will redeem all of its outstanding 7.25 percent Senior Notes due 2063 (NYSE: UZB). The $275 million aggregate principal amount of outstanding notes will be redeemed May 12, 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.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: United States Cellular Corp., 7.25% Senior Notes due 2063, issued in $25 denominations, redeemable at the issuer's option on or after 12/8/2019 at $25 per note plus accrued and unpaid interest, and maturing 12/1/2063. Interest distributions of 7.25% per annum ($1.8125 per annum or $0.453125 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date that will be one business day prior to the payment date while the notes remain in book entry form (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was rated as Ba1 by Moody’s and BB by S&P at the date of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (USM)
IPO - 12/1/2014 - 11.00 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Market Value $270.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 8410 West Bryn Mawr Avenue, Suite 700, Chicago, IL 60631 |
| Main Phone Number |
773-399-8900 |
| Fax Number |
773-399-8936 |
| Investor Relations
Jane McCahon, TDS, Inc.
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312-592-5379
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| Toll Free Phone Number |
888-944-9400 |
| CEO - Laurent Therive |
CFO - Douglas W. Chambers |
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