Array Digital Infrastructure, Inc. 6.25% Senior Notes due 9/1/2069 (UZD)
NGS · · CUSIP 911684702
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Security Details

Coupon Rate
6.25%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
9/1/2025
Maturity Date
9/1/2069
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
1.5625
Distribution Dates
3/1, 6/1, 9/1 & 12/1
Credit Ratings
Moody's Ba2 · S&P BB (4/20/2025)
Tax-Advantaged Dividends
No

Security Profile

Security Type
Exchange-Traded Debt Security »
CUSIP
911684702
Market Cap
Small Cap
IPO
8/10/2020 · $25/share
Previous Symbol
UZD
Previous Name
United States Cellular Corp
Parent Company
United States Cellular Corp (AD)
Business: Array Digital Infrastructure, Inc. Formerly United States Cellular Corp., 6.25% Senior Notes due 2069, issued in $25 denominations, redeemable at the issuer's option on or after 09/01/2025 at $25 per note plus accrued and unpaid interest, and maturing 09/01/2069. <p> Interest distributions of 6.25% per annum ($1.5625 per annum or $0.390625 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 (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. </p> 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. <p> This security was rated as Ba1 by Moody’s and BB by S&P at the date of its IPO. This security was rated as BB+ by Fitch Ratings Co. at the date of its IPO. The Notes are senior unsecured and unsubordinated obligations of the company and will rank equally with all existing and future senior 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.
Notes: The 6.25% Senior Notes were issued on 08/10/2020 and are expected to begin trading on the NYSE within 30 days of their issue date. The shares may start interim trading on the Other OTC market but we are not aware that they have done so to date.

Company Contact

CEO
Laurent Therivel
CFO
Douglas W. Chambers
Headquarters
500 West Madison Street, Suite 810, Chicago, IL 60661
Phone
773-399-8900 · Toll-Free 888-944-9400
Fax
773-399-8936
Investor Relations
Julie Mathews, TDS, Inc. · 312-592-5379 · julie.mathews@tdsinc.com
SEC EDGAR Filings
View filings »