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Sprint Capital Corp., 7.125% Equity Units due 8/17/2004
Ticker Symbol: SDE** CUSIP: 852061605 Exchange: NYSE
* NOTE: This security is no longer trading as of 8/17/2004
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Sprint Capital Corp., 7.125% Equity Units, stated amount $25 per unit, initially consisting of Corporate Units which include a stock purchase contract and a 6% senior note with a principal amount of $25. The stock purchase contract requires the holder to purchase for $25 a variable number of shares of Sprint Corp. PCS Group (NYSE: PCS) common stock no later than 8/17/2004 and pays a contract adjustment rate of 1.125% per annum. The stock purchase settlement rate will be 0.8364 shares per unit if the then current market price is equal to or greater than $29.89 and 1.0204 shares per unit if the market price is equal to or less than $24.50. For market prices between those values the settlement rate will be $25 divided by the market value. Prior to the IPO of this security, the last reported sale price of the common stock on 8/07/2001 was $24.50. The senior note is due 8/17/2006 and is subject to reset and remarketing on or after 5/17/2004. The Corporate Units pay quarterly distributions of 7.125% ($1.78125) per annum on 2/17, 5/17, 8/17 & 11/17 to holders of record on the first day of the month in which the payment is due. The senior notes are pledged as collateral to secure the holder's obligations under the stock purchase contract. The holder has the right at any time to convert the Corporate Units to Treasury Units by the substitution of a specified zero-coupon U.S. Treasury security for the senior notes and to later recreate Corporate Units. The senior notes are unsecured and rank equally with the company's other unsecured senior indebtedness. See the IPO prospectus for extensive additional information on the equity units and their mandatory conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
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Stock
Exchange |
Cpn Rate
Ann Amt |
LiqPref
CallPrice |
Call Date
Matur Date |
Moodys/S&P
Dated |
Conversion
Shares@Price |
Distribution Dates |
15%
Tax Rate |
NYSE
Chart
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7.13%
$1.78125
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$25.00
n.a.
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8/17/2004
8/17/2006
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Baa3
BBB-
2/23/2004
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0.8364@$29.89+
1.0204@$24.50-
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2/17, 5/17, 8/17 & 11/17
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
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No
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Go to Parent Company's Record (S*)
IPO - 8/7/2001 - 60.00 Million Units @ $25.00/unit.
Link to IPO Prospectus
Market Value $506.0 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: 2330 Shawnee Mission Parkway, Kansas City, MO 64112 |
| Main Phone Number |
913-624-3000 |
| Fax Number |
913-624-3088 |
| Investor Contact
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913-624-3417
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| Toll Free Phone Number |
800-259-3755 |
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