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Telephone and Data Systems, 7.00% Senior Notes due 3/15/2060
Ticker Symbol: TDJ* CUSIP: 879433837 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 -- Telephone and Data Systems, Inc. (NYSE: TDS) today announced that it will redeem all of its outstanding 6.875 percent Senior Notes due 2059 (NYSE: TDE) (the "TDE Notes") and its 7 percent Senior Notes due 2060 (NYSE: TDJ) (the "TDJ Notes"). The $225 million aggregate principal amount of outstanding TDE Notes and the $300 million aggregate principal amount of outstanding TDJ 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: Telephone and Data Systems, 7% Senior Notes due 2060, issued in $25 denominations, redeemable at the issuer's option on or after 3/15/2016 at $25 per share plus accrued and unpaid interest, and maturing 3/15/2060. Interest distributions of 7.00% ($1.75) per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date which is 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. 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 (TDS)
IPO - 3/22/2011 - 12.00 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Market Value $300.0 Million
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: 30 North LaSalle Street, Suite 4000, Chicago, IL 60602 |
Main Phone Number |
312-630-1900 |
Fax Number |
312-630-9299 |
Investor Relations
Jane McCahon
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312-592-5379
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Toll Free Phone Number |
Unknown |
CEO - LeRoy T. Carlson Jr. |
CFO - Peter L. Sereda |
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